retail-shopping-centers Market News: Italian Real Estate Intelligence

30/12/2020

Milan: Kryalos sold trophy asset in Piazza Cordusio to Mediobanca investors for 246.7 mln €

29 December, Kryalos Kryalos Sgr completed the sale for 246.7 million € of the former Palazzo delle Poste in Piazza Cordusio, Milan, to a club deal of investors coordinated by Mediobanca. The trophy asset used to accommodate the central post office and was renovated between 2015 and 2018 with an investment of 23 million €, obtaining the LEED Gold certification. The building is currently let to Starbucks, while its office space is leased to JP Morgan, Natwest and Kryalos. Source: Kryalos Translator: Cristina Ambrosi

4/12/2020

Maximo Shopping Centre has been inaugurated in Rome

26 November, Mark Up Cushman&Wakefield has inaugurated Maximo Shopping Centre, on via Laurentina in Rome, with a total investment of 400 million €. The third biggest shopping centre in Lazio with a Gla of 65,000 Sq m, Maximo offers 160 shops and 40 restaurants, as well as various leisure activities and services. Source: Mark Up Translator: Cristina Ambrosi

17/11/2020

Milan high street split between two price trends

15 November, Libero As an effect of the pandemic, the Milan retail real estate market reported two different trends concerning lease prices. In Corso Vittorio Emanuele, prices range between 4,000 and 9,000 euro/Sq m. Montenapoleone and Sant’Andrea are still the most exclusive streets with prices unchanged between 7,000 and 10,000 euro/Sq m, while Via Spiga reported declining prices (3,000-4,000 euro/Sq m). Corso Venezia also reported a slight decrease in prices (600-2,500 euro/Sq m), whereas in Porta Ticinese prices leases are stable at 500-600 euro/Sq m. The remaining areas of the city, however, have seen an increase in unlet spaces up to 20%. Once vacant, the lease is negotiated with the owner, resulting in a gap between offer and demand around 25%. Source: Libero Translator: Cristina Ambrosi

28/10/2020

retail-shopping-centers Market News: Italian Real Estate Intelligence

Milan: Kryalos sold trophy asset in Piazza Cordusio to Mediobanca investors for 246.7 mln €

Maximo Shopping Centre has been inaugurated in Rome

Milan high street split between two price trends

Bari: Palazzo Mincuzzi sold for 18 mln €

Milan: Kryalos about to close the sale of an asset in Piazza Cordusio for 246 mln €

Engel&Volkers: 25% gap between offer and demand for leasing of retail spaces in Milan

Turin: inaugurated the new Lingotto shopping centre

Investing in retail still offers good returns despite the lockdown

Fund ReItaly transferred to Kryalos for 280 mln €

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