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industrial Market 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
Blackstone selling its Italian logistic portfolio for over 260 mln €
7 June, Bebeez Blackstone has put for sale its Italian logistic portfolio named Pj Century and has appointed Kryalos Sgr to manage the operation. The portfolio concerns various logistic assets located in the north of Italy valued at over 260 million € and covering 235,000 Sq m in total. The exclusive on the transaction has been given to the British GLP, which specialises in investing in logistics and infrastructures. Source: Bebeez Translator: Cristina Ambrosi