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All Market News: Spanish Real Estate Intelligence

Invimit launched the fund Dante for 200 million of value
20 September, Il Sole 24 Ore Invimit goes further in its disinvestment plan for 1.25 billion in three years. The last step was the recent launch of the fund Dante worth 200 million euro. The fund targets professional investors and focuses on prime leased properties in big cities. Besides reducing public debt, the fund also aims at increasing the income of such properties through their valorisation. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
SGA becomes Amco to manage large the UTP portfolios of Mps and other large banks
19 September, Bebeez The company owned by the Ministry of Finance SGA has become Amco (Asset Management Company). The rebranding aims at reflecting its nature of full-service credit manager. Moreover, the company had increased its staff from 144 employees in 2018 to 211 in 2019, forecasting the growth of the business activities. Amco is expected to launch soon a fund to manage UTPs from medium and large Italian banks, according to the Cuvèe project. The fund will manage the UTPs of banks such as Banco Bpm, Mps, Ubi Banca and Carige. It will be managed by Prelios, which will also be in charge of the asset collection, while Amco will act as a special servicer and will raise new capitals. The fund is expected to start with assets for 1-2 billion euro to be increased to 3-4 billion euro lately. Finally, Amco is said to acquire the Mps UTP portfolio worth 7 billion euro. Source: Bebeez Translator: Cristina Ambrosi
Scenari Immobiliari: Milan to get investments for 13 billion in the next ten years
17 September, Wikicasa Milan is expected to attract over 13 billion euro in the investments between 2019 and 2029, placing the city before Munich (10.8 billion) and Amsterdam (10.2 billion). Milan already gets 40% of the total investments in Italy. In the next years, the opportunities will mainly concentrate on the districts outside the city centre, offering services, culture and housing targeting young people in particular. Urban renewal projects will concern a surface of 13.5 million Sq m, generating a 6-million-Sq m of developed area. Source: Wikicasa Translator: Cristina Ambrosi