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residential Market News: Italian Real Estate Intelligence

Milan: the requalification of the old tobacco factory in Bicocca has started
25 November, Monitor Immobiliare Following the sale of all its share capital with the support of Cbre, Manifatture Milano S.p.A., the joint venture of Focus Investments S.p.A. and CDP Immobiliare Srl, is about to launch the requalification of the old tobacco factory (Ex Manifattura Tabacchi) in Bicocca, Milan. With a 41,000 Sq m surface, the asset will be divided into four lots, accommodating homes, student halls, social housing and public services. Source: Monitor Immobiliare Translator: Cristina Ambrosi
 
Borgosesia acquired a construction site in Milan
25 November, Monitor Immobiliare Borgosesia took over a construction site for 15 residential units and 75 parking spots in the Bovisa area, Milan. The acquisition was the result of a bankruptcy procedure where Borgosesia subsidiary Isloft srl acted as assignee. The company plans to restructure the assets with an investment of approximately 3.3 million € before putting them on the market. Source: Monitor Immobiliare Translator: Cristina Ambrosi