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offices Assets News: Spanish Real Estate Intelligence

Aedes Siiq sold an office building in Milan for 21.9 million euro through a Sator fund
15 July, Bebeez Aedes Siiq completed the sale of an office building located in Via Roncaglia 12-14, Milan, to a primary institutional investor for 21.9 million euro, obtaining a 5 million capital gain. The asset has a GLA of 8,214 Sq m. The operation was carried out through the real estate investment fund Petrarca of Sator Immobiliare sgr spa and entirely subscribed by Aedes Siiq. Source: Bebeez Translator: Cristina Ambrosi
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