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Too many real estate operations in stand-by

13 September, Milano Finanza

The political uncertainty of the last few months hasn’t spared real estate. The operators of the sectors will bring very meagre results at the 26th edition of the forum organised by Scenari Immobiliari taking place tomorrow and Saturday 15th in Santa Margherita Ligure. The recent report by Cushman & Wakefield talks about a reduction of investments by 40% in the first part of 2018. The perceived country risk weighs on this trend, and it has put in standby more than one operation.

While Mps is proceeding with great caution with its divestiture plan, there are no news regarding the sale of the real estate assets of the former Popolare di Vicenza, currently under liquidation, neither on the revaluation process of Capital Dec, the Unicredit subsidiary managing the former Parnasi assets. No news also from the shopping centres put on the market by Percassi or the Tim and Cdp towers in Eur in Rome. The only portfolio that got the trust of investors is the one concerning the divestiture of the Blackstone outlets. Not enough to restart the sector.

Source: Milano Finanza

Translator: Cristina Ambrosi

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