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All Market News: Spanish Real Estate Intelligence

Milan: Coima to replicate Porta Nuova
26 November, La Repubblica Following its acquisition of Palazzo Marino (also known as Pirellino) from the City of Milan for 191 million euro, Coima is now ready to repeat the success of Porta Nuova. Porta Nuova Gioia, as the project has been named, will cover a 264 thousand Sq m surface developing around Via Melchiorre Gioia. Meanwhile, the City of Milan aims at implementing a 9.5 km walkable and cyclable path connecting various pedestrian and park areas in Porta Nuova and the former Expo area, passing through the Farini railway yard. Source: La Repubblica Translator: Cristina Ambrosi
Turin: the new life of Cascina Fossata. Social housing, hotels and shops
26 November, La Stampa After a long period of neglect, the area of Cascina Fossata, near Turin, will have a new life thanks to a social housing project. The works for the new Cascina Fossata were launched three years ago and cost 18 million euro. The project was implemented by the InvestiRE fund Fondo Fasp - Fondo Abitare Sostenibile Piemonte with Cassa Depositi e Prestiti among the main investors. The new Cascina Fossata will offer 101 apartments divided between emergency accommodations for families, student housing and short-term rentals. There is also a 55-room hotel, including conference and meeting rooms. A Slow Food restaurant will also open soon in the area, along with artisanal shops, social and cultural activities and a park. Source: La Stampa Translator: Cristina Ambrosi
Scenari Immobiliari: real estate investment funds grew by over 12%
25 November, Il Sole 24 Ore Real estate investments funds have reported a steady growth in Italy, and they currently represent 10% of the European market, with an estimate Nav of 68.5 billion euro by the end of 2019 (+12.3% from 2018). The outlook for 2020 is positive and aligned with the current trend, with real estate assets amounting to over 80 billion euro. Residential investments represent 15% of the total segment, while investors are still focused on offices (43%) and retail is stable at 22%. Source: Il Sole 24 Ore Translator: Cristina Ambrosi