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

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
 
Ceetrus Italy is the new owner of Cascina Merlata Mall
11 July, Mark Up The shopping mall in Cascina Merlata, whose opening is expected by 2021, has gone from the former promoter Falcon Malls to Ceetrus. The operation implies investments for about 330 million euro for a surface of 100 thousand Sqm, 70 thousand of which of gross leasable area. Once fully operational, it will employ 1,000 people and will include over 160 businesses. Source: Mark Up Translator: Cristina Ambrosi
 
JLL: Milan drives the retail real estate market, followed by Rome and Venice
01 July, La Repubblica In 2018 Milan’s retail segment attracted investments for 518 million euro corresponding to 60% of the total domestic investments. Despite the rise of e-commerce, international retailers evaluate with interest a possible entry in the Italian market by opening a store in Milan, as in the case of Five Guys, Starbucks and Boots. Milan is the first choice concerning high street, followed by tourist destinations like Rome and Venice. JLL also reports that international investors have surpassed domestic ones, while the market is getting towards an increased institutionalisation. Source: La Repubblica Translator: Cristina Ambrosi