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industrial Market News: Italian Real Estate Intelligence

Cromwell acquired prime logistics park near Ascoli Piceno
11 January, Europe Real Estate Cromwell Property Group completed the off-market acquisition of CLOM (Centro Logistico Orlando Marconi), an intermodal logistics park located in Ascoli Piceno, central Italy. The asset has net lettable area (NLA) totalling 156,888 Sq m and features nine warehouses, of which 18,000m² is cold storage, and an office building, and is connected via railway to the national network. The asset is over 99% leased to 24 different occupiers and is the largest logistics hub in one of Italy’s key trade corridors. Source: Europe Real Estate Translator: Cristina Ambrosi
Pordenone freight terminal to be linked by railway to the port of Trieste in 2021
16 January, Il Nordest Quotidiano Following an agreement between the freight terminal of Pordenone, the port of Trieste and Confindustria Alto Adriatico, the two facilities will be connected by railway by February 2021. Once fully operational, the connection will have a capacity of approximately 70 containers a day (marine and intermodal cargo shipments) in both directions. Source: Il Nordest Quotidiano Translator: Cristina Ambrosi
Cbre: logistic investments drove 2020 real estate
14 January, Mark Up Commercial real estate investments in 2020 amounted to 8.8 billion €, having declined by 29% from 2019 (12 billion €). Foreign investments went from 69% to 58%. However, this doesn’t mean the Italian market lost its appeal, it rather reflects a cautionary approach due to the current uncertainty. Logistics performed exceptionally well. With investments totalling 1.4 billion € entirely from foreign investors, it proved to be the most resilient sector of 2020, outperforming 2019. Palazzo Delle Poste in Piazza Cordusio, Milan, was the biggest retail operation of 2020 with 250 million €. Apart from that, retail closed with -29%. The office segment kept its leading position with 3.7 billion € invested, reporting a 26% decrease from the previous year. Hospitality registered investments for about 1 billion €, resulting in a 68% decline compared to 2019, which reported an all-time high. Residential investments amounted to 580 million €, mostly focusing on developments projects, especially in big cities, due to the lack of available assets on the market. Source: Mark Up Translator: Cristina Ambrosi