30 October, Il Messaggero
Prelios might be very close to acquiring the NPL portfolio that was put for sale by Banca Popolare di Sondrio for a total value of 1.5 billion euro. According to the rumours, the servicer obtained a 3.5% fee. The bank launched the bid after the ECB stopped its acquisition of Cassa di Cento due to the high Npe ratio (13.7% against the average 9%), demanding to prioritise the de-risking activities.
Source: Il Messaggero
Translator: Cristina Ambrosi
30 October, Soldi Online
In view of its privatization by 2021, Mps is about to put on the market NPLs for a value between 8 and 14 billion euro. The exact price will be determined by Amco, the company owned by the Ministry of Finance as well as the potential buyer of the portfolio. By the end of the year, the Italian Treasury will have to present to the ECB a plan for its exit from the bank’s capital.
Source: Soldi Online
Translator: Cristina Ambrosi
28 October, La Repubblica
Following the sale by Risanamento to Solido Property, a historical building in Piazza Nicola Amore has been restyled and converted into modern luxury apartments, while preserving its original features. The building, formerly occupied by offices, is part of the restyling process the square is going through, with the new metro station designed by Massimiliano Fuksas expected to open in 2021.
Source: La Repubblica
Translator: Cristina Ambrosi
28 October, Il Giorno
Astasy reports that in Milan’s area north of Piazzale Loreto, renamed NoLo, there are 1447 foreclosures over a total of 4131 auctioned properties in the whole city. Such numbers can be explained by the easy access to credit between 2006 and 2008, with loans granted for up to 120% of the actual property value. With the financial crisis, however, many households could no longer pay their mortgage. The average value of auctioned houses is 125 thousand euro.
Source: Il Giorno
Translator: Cristina Ambrosi
27 October, Il Tempo
The Italian Ministry of Defense has recently published a tender to find investors intending to requalify the old military hospital of Caserma Bocchetti in Anzio, Rome. The asset covers an area of 153 thousand Sq m. The requalification must be carried out with private capitals, while the concession will have a length comprised between 15 and 50 years.
Source: Il Tempo
Translator: Cristina Ambrosi
24 October, Il Sole 24 Ore
Coima reports that real estate investments are expected to reach 11 billion euro within the year, against the average of 7.9 billion of the last five years. 77% of the capitals come from foreign investors, mainly from the United States, France, UK, Germany and Asia-Pacific.
Concerning offices, the challenge is how to satisfy a growing demand for prime assets, requiring flexible spaces, excellent location, high sustainability and quality standards, and highly technologic. For this purpose, it will be critical to requalify obsolete existing assets.
Tourism is another rising trend, as investments in the sector for the current year have reached 2.6 billion euro so far.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
24 October, Bebeez
Banca Popolare di Sondrio has put for sale NPLs for 1.5 billion, after the ECB didn’t authorise the acquisition by the bank of Cassa di Cento, demanding instead to prioritise the de-risking process by reducing the NPL stock.
The operation will be likely carried out through securitisation with the State guarantee and Société Générale as the arranger. Banca Popolare di Sondrio invited Credito Fondiario, doValue, Prelios and Cerved to make an offer by the end of this week. The senior notes will be bought by the bank, while the mezzanine and the junior ones will be put on the market.
Source: Bebeez
Translator: Cristina Ambrosi
28 October, Nuova Venezia
The old historical building between Santa Fosca and Rio di Noale in Venice has been recently bought by the Rome real estate company Barletta for over 50 million. The building will be turned into a luxury hotel by the Chinese Rosewood Hotel Group. The Rosewood Venice is expected to open in two years.
Source: Nuova Venezia
Translator: Cristina Ambrosi
24 October, Kryalos
Through its closed-end real estate alternative investment fund named Luce, Kryalos Sgr completed the acquisition of an office building located in Viale Edison, in the business district of Sesto San Giovanni, Milan.
The asset was built in 2007, and it develops over 47,000 Sq m arranged between three buildings. The tenants are global companies of the beverage, IT and oil sectors.
Source: Kryalos
Translator: Cristina Ambrosi
23 October, La Repubblica
The former headquarter of the Central Bank of Italy between Via del Corso and Piazza Colonna has been recently acquired by Reuben Brothers Group, which already owns in Italy the Venice hotel Palazzo Experimental.
The group entered an agreement with the five-star hotel chain Corinthia Hotels. With a surface of 7,500 Sq m, the palace will be converted into luxury rooms and suites, including restaurants and bars, a garden, a spa and a panoramic rooftop. Works are expected to start in 2020.
Source: La Repubblica
Translator: Cristina Ambrosi
Portugal 
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