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alternative Assets News: Spanish Real Estate Intelligence

The old military hospital in Anzio to become a nursing home
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
Milan: UniCredit and Mediobanca are the potential financial advisors for the Farini project
24 October, Il Sole 24 Ore The tender launched by Ferrovie dello Stato for the advisory mandate concerning the requalification of the old railway yards of Porta Romana and Farini in Milan has come to the final stage. The only two candidates left are UniCredit and Mediobanca. The requalification of the Milanese former railway yards is a big business valued over 2.5 billion euro, and it will radically change the city layout. With an area of over one million and 250 thousand Sq m, 200 thousand Sq m will be used by the railway, while the 675 thousand Sq m will be converted into a park. The remainder will be dedicated to construction, in a mix of offices and residential, including social housing. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
Two new assisted living facilities to open in Milan
19 October, Milano Finanza Two new assisted living facilities will open shortly in Milan. Both facilities have been commissioned by Rodevita to Health Invest, a company specialised in consulting, designing and implementing healthcare facilities. One facility is located in the San Siro area, while the other is in the former tobacco factory in Bicocca (Viale Fulvio Testi). The construction works for the former will start at the end of the year for a total investment of 15 million euro, while works in the latter will start in 2020 to open to the public in 2022, for a total investment of 20 million euro. Source: Milano Finanza Translator: Cristina Ambrosi