29 April, Il Sole 24 Ore
Milan is witnessing the thriving activity of American and Middle Eastern investors acquiring and requalifying real estate assets in the city. The main players are Hines, Cbre, Invesco, Aew, Angelo Gordon, Barings, Wework, Kkr and the Canadian Carlyle, Gic from Singapore and Qatar lnvestment. The operations amount to 4 billion euro in total, according to Cbre.
The Qatar and Emirates funds have been partnering with Coima for their operations, as in the case of Porta Nuova, the former Inps building Gioia 22, and Palazzo San Fedele.
Luxury focuses on high-street with areas such as Via Torino and Corso Buenos Aires. Concerning hospitality, Oaktree acquired a hotel chain from Castello Sgr from 300 million. In the logistics segment, Invesco acquired the Broni Logistic Park in the province of Pavia as well as the former Traversi garage in Milan for 100 million, while Cbre bought the logistic park of Truccazzano.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi