Kervis acquired an office building in Milan to reconvert into apartments

23 January, Bebeez

Kervis Sgr acquired for an undisclosed amount an office building in Nolo (North of Loreto), Milan, from Principal Asset Management, acting on behalf of Veld Capital, to reconvert into residential units. The property covers 9,000 Sqm and is located in Via Stamira d’Ancona, near Turro metro station.

Source: Bebeez

 

Barings to develop two logistic hubs in northern Italy

19 January, Supply Chain Italy

Barings acquired buildable land for over 100,000 Sqm to develop two grade-A logistic warehouses in Caorso (Piacenza) and Serravalle Scrivia (Alessandria). Both assets will have Leed Gold and Net Zero Carbon certifications.

Source: Supply Chain Italy

 

Zeitgeist Asset Management acquired Midas Hotel in Rome

18 January, Monitor Immobiliare

Zeitgeist Asset Management Italia announced the acquisition from Varde Partners of Midas Hotel in the Aurelio neighbourhood of Rome. Built in 1973 and renovated in 2021, the hotel offers 349 rooms, meeting rooms, three restaurants, tennis courts, and many other amenities.

Source: Monitor Immobiliare

Borio Mangiarotti to develop a residential area in Via Fiuggi, Milan

09 January, Monitor Immobiliare

Borio Mangiarotti acquired for €20 million two adjacent industrial buildings in Via Fiuggi, Milan, which will be demolished to create 40 apartments covering 3,000 Sqm in total. The construction works are expected to start at the beginning of 2024.

Source: Monitor Immobiliare

Tétris Italia (JLL) to restore the former Grand Hotel Majestic in Florence

09 January, Monitor Immobiliare

Tétris Italia (JLL Group) was appointed for the restructuring and renovation works of the former Grand Hotel Majestic in Piazza dell’Unità d’Italia, Florence, to convert into a new H Hotel, a Marriott brand, offering 119 rooms. The five-star hotel will develop on a 10,7000 Sqm surface and over six floors.

Source: Monitor Immobiliare

Kryalos sold an office building in Milan to Inarcassa

04 January, Bebeez

Through its real estate investment fund Virtus, Kryalos sold an office and retail property in Milan to Inarcassa. Located near Piazza Duomo and Piazza San Babila in Via Verziere, the asset has been recently renovated and consists of two connecting buildings.

Source: Bebeez

 

Vailog to build the biggest data centre in Milan

20 December, Urbanfile

Vialog started developing and constructing a data centre between Rho and Pero. Covering 75,000 Sqm and with 90 MW of power, it will be the biggest data centre in the Milan Metropolitan Area. Its location will be close to the Milan exhibition centre (Fiera di Milano) and MIND innovation district, currently under development.

Source: Urbanfile

Translator: Cristina Ambrosi

Growth of house prices in Italy to continue in 2023

21 December, Il Sole 24 Ore

Immobiliare.it reports that the growth of residential property prices in Italy is set to continue in the upcoming year as the gap between north and south widens. Genova reported the biggest increase (+4.5%), followed by Bologna (+3.9%) and Verona (+3.2%), while prices went down in Naples (-1.5%) and Palermo (-1%). Milan remains the most expensive city in the country (5,000€/Sqm), while Catania is the cheapest (1,200€/Sqm).

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Finint acquired two buildings in Padua to be converted into student residences

16 December, Bebeez

Finint Investments sgr announced the acquisition of two high-rises in Padua to turn into student halls. The transaction was carried out through the fund Pitagora, which aims at investing a total of €100 million in student housing to offer approximately 1600 beds by renovating existing properties located in the main Italian university towns.

Source: Bebeez

Translator: Cristina Ambrosi

REAM SGR acquired two assisted living facilities in Turin

14 December, Monitor Immobiliare

REAM SGR completed the acquisition of two assisted living facilities, respectively RSA Lancia and RSA Caraglio, in Turin for about €45 million. The asset covers a total surface of 26,100 Sqm and offers 200 beds. The site has been recently divided into two separate facilities following renovation work.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi