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alternative Assets News: Spanish Real Estate Intelligence

Investments for 1.5 billion euro at the start of Q3
29 August, Il Sole 24 Ore The third quarter of 2019 has already registered some important transactions, such as the sale of Palazzo dell’Informazione in Milan by DeA Capital Real Estate Sgr to the Rovati family for 175 million euro. Moreover, Kryalos Sgr acquired an office building to requalify in Milan for 50-60 million euro. The asset manager also acquired 45 local telephone assets owned by Dea Capital Real Estate Sgr for about 40 million euro. Finally, Orion bought from Arcus three outlets (Sicilia Outlet Village, Torino Outlet Village and Roma Outlet Village) for a total of 500 million euro. Always in the outlet segments, Dws got from Nuveen the Barberino Designer Outlet in Florence for 200 million euro. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
The former Rome trade fair will be put on auction to repay debts for 187 million
03 August, Il Sole 24 Ore Investimenti Spa and Unicredit entered and agreement to sell the area of the old Rome trade fair. It will be sold on auction to repaying the 187-million-euro debt towards the bank for the implementation of the new trade fair. The asset covers a surface of 8 hectares with a buildable surface of 44,360 Sq m. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Outlook of the Italian real estate market
29 July, Linkedin Nomisma reports that all the main residential markets are currently expanding, thanks to the increasing demand and transactions, as well as a modest growth of prices. Residential investments are on the rise, although this is still a secondary trend. Foreign investors represent 60-70% of the total investments in non-residential segments. However, the weak economic situation of the past few years had reduced the attractivity of the country. The corporate market suffers from the lack of quality product, with the only exception of Milan. Hospitality, social housing, senior living and student halls are the emerging markets to bet on for the relaunch of the country. In conclusion, despite the current challenging macroeconomic context, real estate is in good shape, although the risk of a possible recession is not to be excluded in case of a weak economic outlook. Source: Linkedin Translator: Cristina Ambrosi