Kervis acquired an office building in Milan to reconvert into apartments

23 January, Bebeez

Kervis Sgr acquired for an undisclosed amount an office building in Nolo (North of Loreto), Milan, from Principal Asset Management, acting on behalf of Veld Capital, to reconvert into residential units. The property covers 9,000 Sqm and is located in Via Stamira d’Ancona, near Turro metro station.

Source: Bebeez

 

Borio Mangiarotti to develop a residential area in Via Fiuggi, Milan

09 January, Monitor Immobiliare

Borio Mangiarotti acquired for €20 million two adjacent industrial buildings in Via Fiuggi, Milan, which will be demolished to create 40 apartments covering 3,000 Sqm in total. The construction works are expected to start at the beginning of 2024.

Source: Monitor Immobiliare

Kryalos sold an office building in Milan to Inarcassa

04 January, Bebeez

Through its real estate investment fund Virtus, Kryalos sold an office and retail property in Milan to Inarcassa. Located near Piazza Duomo and Piazza San Babila in Via Verziere, the asset has been recently renovated and consists of two connecting buildings.

Source: Bebeez

 

Vailog to build the biggest data centre in Milan

20 December, Urbanfile

Vialog started developing and constructing a data centre between Rho and Pero. Covering 75,000 Sqm and with 90 MW of power, it will be the biggest data centre in the Milan Metropolitan Area. Its location will be close to the Milan exhibition centre (Fiera di Milano) and MIND innovation district, currently under development.

Source: Urbanfile

Translator: Cristina Ambrosi

Growth of house prices in Italy to continue in 2023

21 December, Il Sole 24 Ore

Immobiliare.it reports that the growth of residential property prices in Italy is set to continue in the upcoming year as the gap between north and south widens. Genova reported the biggest increase (+4.5%), followed by Bologna (+3.9%) and Verona (+3.2%), while prices went down in Naples (-1.5%) and Palermo (-1%). Milan remains the most expensive city in the country (5,000€/Sqm), while Catania is the cheapest (1,200€/Sqm).

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Kryalos sold an office building in Milan to Macquarie for €119 mln

17 November, Monitor Immobiliare

Through its closed-end real estate investment fund All Star, Kryalos Sgr sold to Macquarie Asset Management an office building in Porta Romana, Milan, for €119 million. Built at the beginning of the 20th century and completely renovated in 2020, the asset complies with all the sustainability criteria and is BREEAM certified. The building covers 20,600 Sqm and is leased to companies operating in the fintech, green energy and food & beverage sectors. Kryalos will continue to manage the asset on behalf of the buyer.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Orange IM and Catella Real Estate AG acquired parking in Milan city centre

15 November, Monitor Immobiliare

Orange IM and Catella Real Estate AG completed the acquisition of a car park in Milan city centre, developing over eight storeys underground and offering 332 parking spaces. The asset is leased to Apcoa Parking Italia, which manages private car parks throughout Europe.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Risanamento to develop new multi-functional space Motus in Milan

20 October, Monitor Immobiliare

Risanamento plans to build an 18,000 Sqm multi-functional space in Via Grosio, Milan. The area, which has been named Motus, will develop around a 2,700 Sqm covered square. The space will accommodate offices, shops, restaurants, sports and wellness activities, green areas and 1,000 parking spaces.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Social housing for 200 new apartments to be launched in Milan

21 October, Monitor Immobiliare

A social and urban requalification project to build 200 new apartments in Milan’s Sarpi area has been presented by InvestiRE SGR (Banca Finnat Group), which manages the properties owned by Policlinico di Milano hospital, one of the investors of the project. The operation consists of an investment of €40 million to develop long-term rental and social housing units to meet the demand for housing in Milan.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Acquired two office buildings in Milan by Enpaia and Generali for €188 mln

05 October, Monitor Immobiliare

Enpaia finalised the agreement to co-invest with Generali Real Estate and Brioschi Sviluppo Immobiliare in two newly-built office buildings in Assago (Milan) for €188 million. The assets, named U1 and U3, were built in 2021, cover respectively 31,000 Sqm and 11,000 Sqm and are leased long-term to Accenture and Bnp Paribas.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi