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Real estate investments reached 2 bln € in Q2 2021
09 July, Il Sole 24 Ore Gva Redilco reported that real estate investments in Italy amounted to 2 billion € in the second quarter of 2021, corresponding to approximately 3.3 billion € for the first half of the year. Offices continue to be investors’ favourite asset class. The absorption rate in Milan reached 127,000 Sqm (+100% compared to Q2 2020), while the take-up in Rome was 48,000 Sqm (+200%). The logistic segment continues growing, reporting a 1,300,00 Sqm absorption rate (+56% from Q1 2020) and investments exceeding 635 million € in Q1 2021 (+92% compared to Q1 2020). There is a growing interest in the alternative asset class (Data Center, Telco, Healthcare and Mixed), which reported investments for 860 million (26% of the total investments). Meanwhile, residential investments amounted to about 385 million, representing 12% of the total investments. The retail situation is still problematic, with transactions amounting to 176 million €, although high street seems to be recovering in Milan and Rome. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
