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land Market News: Italian Real Estate Intelligence
GLP acquired land for a new warehouse near Rome
26 April, Monitor Immobiliare GLP acquired buildable land in Colleferro (Rome) to develop a new Grade-A warehouse with a 24,000 Sqm total GLA. The asset will have Very Good BREEAM certification, and the works are expected to start in Q3 2022. Source: Monitor Immobiliare Translator: Cristina Ambrosi
Foruminvest bought land to develop new hotel near Malpensa
14 April, Monitor Immobiliare Foruminvest Italia acquired an 11,500 Sqm land plot to develop a new hotel in MXP Business Park, close to Milan's Malpensa airport. The hotel will offer 240 rooms, a fitness centre, a restaurant, a bar, a swimming pool and a panoramic terrace. Construction works will start in Q2 2022, and the inauguration is expected by Q4 2023. The transaction was finalized with Villa Carmen Srl, a joint venture of Schiphol Real Estate, Finiper and Michele Molina CM. Source: Monitor Immobiliare Translator: Cristina Ambrosi