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alternative Assets News: Italian Real Estate Intelligence

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
Second-largest student residence CX Place to open in Milan by 2023
31 May, Il Sole 24 Ore CampusX, which specializes in student housing development, will open in Bovisa (Milan) by 2023 CX Place, whose student halls will offer 948 rooms and 1092 beds for a total surface of 26,500 Sq m.  Besides students, the facility will also accommodate researchers and young professionals. CX Place Milan Bovisa will be the second-largest student residence in Italy and the only one with a Leed Gold certification. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
The requalification of Scalo Lambrate in Milan to start soon
4 June, Il Sole 24 Ore Following the call for tenders launched by the City of Milan, the construction company Sant’Ilario Società Cooperativa Edilizia was awarded the requalification of the railway yard Scalo Lambrate with its project Lambrate Streaming. The masterplan developed by Caputo Partnership International concerns a 65,000 Sq m area between Lambrate and Ortica, where a public park covering 41,500 Sq m will be developed. The project also includes the implementation of coworking spaces and various services with a focus on sustainability. Source: Il Sole 24 Ore Translator: Cristina Ambrosi