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hospitality Market News: Spanish Real Estate Intelligence

Investment record in the non-residential sectors. 3.5 billion euro in the first half of 2019
11 July, Il Sole 24 Ore Cbre reports non-residential investments for 5.2 billion euro in the first semester of the year, 3.5 billion of which in the second quarter only. The market is led by offices, with investments for 1,790 billion euro. Milan alone attracts 1.15 billion euro, while Rome only 376 million euro. The hospitality segment looks promising, with over 2.23 billion euro in the first semester. Meanwhile, the logistics sector has consolidated, and the outlook for the rest of the year is positive. Finally, investments in retail had reduced by 10% from the same period of 2018. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
The former Rai building in Turin is for sale. It will be turned into a hotel
11 July, La Stampa After having been vacant since 2016, the former Rai building near Porta Susa in Turin has been recently put for sale. There is no auction starting price, although the restructuring costs are assessed around 7 million euro. The building has 19 floors and a gross surface of approximately 28,600 Sq m. It might become a hotel of 300 rooms by 2021. Source: La Stampa Translator: Cristina Ambrosi