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retail-shopping-centers Assets News: Spanish Real Estate Intelligence

Scenari Immobiliari: steady trend of high street in city centres
01 April, Il Sole 24 Ore Retail has registered an increasing gap between regular shops and luxury shops. Spaces have to become more attractive in order to compete with e-commerce, which corresponds to sales for 27.4 billion euro. Last year, high street investments amounted to little more than 500 million euro. In Milan, there are 123 shop windows in Via Montenapoleone. Here, prices reach 12,800 euro/Sq m per year, while they were 10 thousand euro/Sq m/year in Galleria Vittorio Emanuele. The demand for high street in Rome was quite dynamic in 2018 and supported by tourism. Florence is becoming more attractive, with 329 shop windows in the old town. Finally, there are 266 retailers and 446 shop windows in Venice. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
New international investments in Veneto
29 March, Milano Finanza In Lido di Venezia, the conversion of Ospedale al Mare into a resort by Cdp/TH Resorts e Club Med and the renovation of the Excelsior Hotel and Des Bains by Coima are the main real estate operations concerning hospitality. Regarding logistics, in the Verona area, the German e-commerce group Zalando is to open a second logistic hub in Italy, while the logistic facility owned by Fondo Go Italia Il and managed Dea Capital Real Estate Sgr will be expanded by other 190 thousand Sq m. The retail segment suffers from the rise of e-commerce, but it’s supported by new openings such as the Gruaro Retail Park for 25 thousand Sq m (property of Numeria Sgr with Fondo Tolomeo) and the shopping centre Montello Hill for about 48 thousand Sq m (Ca.Bi Srl). Source: Milano Finanza Translator: Cristina Ambrosi
 
Italian retail real estate is almost worth 9 billion euro
28 March, Italia Oggi According to the latest report by Scenari Immobiliari, in 2018 the retail segment reported a turnover of 8.9 billion, and it’s expected to reach 9.3 billion in 2020. The main transactions concerned a total surface of 148 thousand Sq m for a value of 293 million euro, located in dominant positions in terms of the catchment area, such as Gran Shopping Mongolfiera in Molfetta, Centro Sicilia in Catania, and Gialdo shopping centre in Turin. Source: Italia Oggi Translator: Cristina Ambrosi