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All Market News: Spanish Real Estate Intelligence

Orion closed a 100 mln euro deal for an office development in Milan
03 July, Property Eu Orion Capital Managers, through a fund managed by DeA Capital Real Estate, entered an agreement concerning a development in Milan, near Bisceglie metro station. Orion acquired the site for 100 million where the private equity company plans to develop offices for a total leasable area of 27,600 Sq m. This development is included in the broader project named SeiMilano, which is carried out by the joint venture formed by Värde Partners and Borio Mangiarotti and covers a 300,000 Sq m area. Source: Property Eu Translator: Cristina Ambrosi
Istat: property prices register a growing trend as transactions decline
03 July, Istat Istat reports that the IPAB Index, which measures the prices of properties bought as main residence as well as investment, grew by 0.9% in Q1 of 2020 compared to the previous quarter and by 1.7% compared to the same period of 2019. Meanwhile, transactions sharply decreased (-15.5%) due to the measures adopted to contain Covid-19. However, this gap between increasing prices and declining sales did not have any relevant impact on the prices of residential properties since these were agreed before the pandemic started. Source: Istat Translator: Cristina Ambrosi