REAL ESTATE IN ITALY - Primest
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REAL ESTATE IN ITALY

SKYBRIDGE INVESTMENT is a portal for presenting Italian and foreign operators with opportunities for investment in real estate.

 

This project is strongly supported by Italian legal system that is part of the framework of other initiatives designed to promote investment in Italy, by the Prime Minister’s Department in coordination with the Ministry for Economic Development, through ICE – the Agency for promoting Italian enterprises abroad and their internationalisation, in collaboration with the Treasury Department of the Ministry of Economy and Finance and with the State Property Office.

 

In our real estate portal the Investor could select two distinct categories of investment opportunities: the first includes property such as heritage buildings, with a pre-defined designated use, which may be converted into premium office space or luxury hotels; the second category is comprised of real estate development properties ranging from buildings to be converted to building lots to be developed. The intended use of these properties may be re-defined on the basis of valid, sustainable proposals and special requests submitted by potential investors and end-users.

One of our main objectives in designing this portal was to facilitate the provider of information to all stakeholders, both private and public, who share an interest in the potential acquisition and development of real estate property in a given region. The real estate properties may be either purchased or leased on a long-term basis.

 

Our team could support the Investor in all applicable procedures, private negotiation or call for public tender.

In 2016, the Italian corporate market confirmed the positive signs already observed in the course of 2015 with more than 7 billion euro invested.

 

The market continues to be supported by foreign investors for more than 60% of the transacted volume. Italians investors, once again, play a role completely residual. In particular, the German open-ended funds and other foreign funds have mainly supported the market (42.7% of investments) followed by listed real estate companies and REITs (19.4%) and private companies, in most cases of foreign origin (17.6%).

 

The directional segment continues to be the preferred asset class by investors with a share of 55% of the invested total market, followed by the retail sector (23%) and the hotel industry (14%).

 

As for the geographical asset allocation, there has been a revival of interest in Rome, considered, over the last two years, a completely residual market. The weight of Milan, however, remains high and just over 47 % compared to the total

Last deals

HIG CAPITAL INVESTS IN ITALIAN SHOPPING CENTRE AND OFFICE BUILDING

Hig Capital, a leading global private equity and alternative asset investment firm with € 20 billion of equity capital under management, announced that one of its affiliates has completed an investment in a real estate portfolio composed of a shopping centre located in Piedmont and an office building located in the Milan metropolitan area. Financial terms were not disclosed.

BLACKSTONE ACQUIRED THREE ASSETS FROM ALLIANZ IN MILAN

Blackstone was awarded the Milanese properties put on the market a few months ago by Allianz, beating off competition from Cerberus and Goldman Sachs. In Bicocca area, post-industrial neighborhood on the outskirts of Milan. The value is between € 110 and 130 million.

BARINGS REAL ESTATE MAKES ITS DEBUT ON THE ITALIAN MARKET

Barings Real Estate Advisers debuts on the Italian real estate market with the acquisition of two office buildings in Milan. The achieved agreement with the Sara Insurance group will go for the redevelopment of the buildings and was closed at € 44.35 mln. The two buildings are located in the new Milan’s Porta Nuova business district. The investment will be included in the real estate fund Vaue Add I Italy managed by Kryalos Sgr.

FABRICA SGR ACQUIRES A TROOPHY ASSET IN THE CENTER OF MILAN

According to press rumors, Fabrica Sgr would close the deal for the acquisition of a valuable property in San Babila in Milan. The property is located in Via Borgogna 8, and is home to major companies including the investment bank Natixis. It is a well known property, characterized by particularly original architecture of the ’30s. The transaction is worth € 85 million.

JLL: 2016 WAS A RECORD YEAR FOR REAL ESTATE INVESTMENTS IN ITALY

According to a study by JLL, 2016 was a record year for real estate investments in Italy.<br /> The data indicate a volume of 9.5 billion of euro transacted in 2016 in commercial real estate assets, thus marking an increase of 30% compared to 2015. The evolution of the Italian market is manifested both in the record volume of investment in both recognisability of segments with increasingly diverse speed and dynamics; elements that support the positive view of JLL for the near future.

TOURIST DESTINATIONS, THE DEVELOPMENT OF PRICES FROM 2008 TO 2016

The Tecnocasa research department conducted an analysis on the performance of the real estate market in the Italian tourist destinations to identify characteristics and trends over the last 9 years. Property prices have fallen for all the years considered. The seaside locartions have suffered the greatest losses (-46.1% accumulated over 9 years), followed by mountain areas (-32.9%), while prices of lake houses have resisted better (-31.17%). In the period between 2015 and 2016 yet the prices drop, but the demand for holiday home is on the rise thanks to more affordable prices and cheaper mortgages.

LUXURY REAL ESTATE: THE AVERAGE BUDGET OF BUYERS IS 2.2 MLN

The average amount that those looking for luxury properties was willing to spend in 2016 was 2.2 million euro, a figure that was down 8.3% compared to 2015, when it was at 2.4 mln euro. It is learned from an analysis of LuxuryEstate.com, international portal of Immobiliare.it partner for the luxury sector. According to the website data, moreover, the number of requests in 2016 grew by 5% compared to 2015, with Italy who finished in fourth place among the favorite destinations for buyers in Europe.

ATLANTICA BUYS TWO BUILDINGS IN ROME

Atlantic Properties, an italian property company, has completed the acquisition of two buildings in Rome. The first is a building of 15,000 square meters, which was once headquarters of the INPS, or National Social Security Institute, located in front of the mausoleum of Emperor Augustus. The seller is the fund FIP, managed by InvestRE SGR, which has created a collection of approximately € 100 million. The second operation concerns the acquisition for € 40 million of a building of 6,000 square meters in the central Piazza Barberini.

CBRE: INVESTMENT BOOM IN THE FOURTH QUARTER 2016

According to a study by CBRE Italy the volume of investments in the fourth quarter of 2016 reached € 3.8 billion, exceeding by 80% the average calculated over the period from 2007 to 2016, and achieving the best result for 10 years. This result brought the annual volume of € 9.1 billion, an increase of 12% over the previous year. Investments by foreign investors were 56% of the total, with 2.1 billion euro and with a positive growth rate of 6%.

AXA INVESMENT MANAGERS COMPLETES AN ACQUISITION IN MILAN FOR 45 MLN

AXA Investment Managers – Real Assets announces that it has completed the acquisition of U7, a recent office building located in Milanofiori near Milan, from Polis SGR for € 45 mln.<br /> The acquisition was made on behalf of the Columbus Real Estate Euro Fund, a closed-ended real estate fund. Built in 2007, U7 comprises 14,931 sqm of Grade A office space spread across eight above-ground floors, plus 110 underground carpark spaces.

CBRE 9.1 BILLION INVESTED IN ITALY IN 2016

In 2016, real estate investments in Italy amounted to € 9.1 billions, with a net increase (+12%) compared to last year and a strong increase in the last quarter of the year which marked a record in the last 10 years with € 3.8 billions. It is the picture of the sector by the consultancy company CBRE Italy. At European level, however the volume of transactions over the last 12 months amounted to € 250 billion, down 10% from the same period last year.

COIMA RES BUYING PROPERTY COMPLEX IN MILAN

Coima Res bought a building complex consists of two separate buildings with a total net area of about 13,650 sqm to € 46 million. The office complex is located in Via Private Deruta, in the north-east outskirts of Milan. It said in a statement that indicates that the property is currently rented by BNL with a gross annual rent of € 3.5 million and a gross return of 7.5% (6.8% on Epra yield).

FS WILL PUT ON THE MARKET € 3 BLN OF PROPERTIES

The Italian State Railways (or Ferrovie dello Stato – FS) aim to sell a portion of its real estate assets which, when enhanced with the change of use, should be worth about 3 billion.<br /> As it is explained in an interview Carlo De Vito, CEO of Ferrovie dello Stato Sistemi Urbani, the company, owned 100% by the parent company, which has the task of enhancing the non-functional real estate assets in railway operations and to perform integrated services urban.