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industrial 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
 
Rur: real estate will resume growing only in 2021
09 July, Il Sole 24 Ore Despite the good performance of the residential market, specifically of new or renovated properties, prices and transactions are still stagnating. The market is expected to reach a breakthrough only in 2021. The residential market is increasingly dominated by small properties addressing new targets such as singles (gone from 14.4% in 2006 to 19.5% in 2016). The outlook is positive for logistics, driven by e-commerce, which is expected to reach sales from 22 billion euro in 2021. The office segment is stagnating, with a possible decrease in prices. Milan and Rome alone represent 56% of the transactions. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Saint Laurent to open a plant in Scandicci, Florence
07 June, MF Fashion Cdp Investment is currently in exclusive negotiations with Kering regarding the possible conversion of a disused asset into a manufacturing plant for the luxury brand Saint Laurent. The asset, Palazzo delle Finanze, was originally planned to accommodate ministerial offices, and it’s 85% completed. The building has three floors, with a built surface for 28,700 Sq m and land for 58 thousand Sq m. Source: MF Fashion Translator: Cristina Ambrosi