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industrial Market News: Spanish Real Estate Intelligence

Dla Piper: Italian real estate to achieve investments for 10 billion euro in 2019
04 November, Il Sole 24 Ore Dla Piper forecasts that real estate investments in Italy will likely reach 10 billion euro by the end of the year, outperforming 2018 (8.5 billion). Milan continues leading the market, followed by Rome, Venice and Florence. Offices are the main asset class, together with hospitality, which represents 32% of the total investments (+10% from 2018). Retail and logistics respectively account for 23% and 6% of the investments. NPLs will still offer investment opportunities, although bad loans have reduced now to 1.8% of the total credits. Nevertheless, the market is still reporting large NPL operations, mainly with the State guarantee, with Prelios leading the segment. Operations on the secondary market are an emerging trend, having gone from 2% of the total NPL transactions in 2018 to 30% in 2019. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Cbre: real estate investments for 7.39 billion euro (+40%) in the first 9 months of 2019
07 October, Il Sole 24 Ore Cbre reports that investments in real estate in Italy for the three quarters of 2019 amounted to 7.39 billion (+40% from the same period of 2018). Hospitality reported excellent results, with investments for 2.56 billion euro, despite the lack of assets on offer. In Rome, for instance, it’s possible to buy the few available properties only at a very high price. In Venice and Florence, it’s rather challenging to obtain the necessary licenses. Investors have also started looking at minor cities. The office market continues performing well, with Milan leading the sector with 30 operations amounting to 1.5 billion euro in total. Finally, retail has recouped, reporting investments for 1.7 billion euro. The logistics market has also improved, with investments for 463 million euro. Source: Il Sole 24 Ore Translator: Cristina Ambrosi  
 
Milan is the most attractive market for investments in logistics
23 September, Corriere della Sera In its latest report on the logistics market, World Capital reports that the attractivity of the Milanese market is assed at 64.7. The calculation is obtained by taking into considerations eight parameters: population, property market trend, tourism, socio-economic conditions, infrastructures, credit, public administration and environment. On this last parameter, Milan scored very low, reporting 27.8 over a total of 100. Yields for logistics assets are around 6%, compared to 4% of prime offices and 3% of retail. Finally, the market is expected to focus on short-term rentals in the future (three to six years), whereas the market is currently dominated by long-term leases averaging twelve years. Source: Corriere della Sera Traslator: Cristina Ambrosi