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Italy

Italian house buyers prefer metropolitan lifestyle

Savills launched its New Build Survey Italy, collecting responses from clients who contacted them with an interest in newly built properties. Most respondents (82%) wish to buy in a city market, preferring the metropolitan lifestyle, with a focus on the cities of Milan, Rome and Florence.
Friday, 22. March 2024

Logicor and Kryalos acquire site in Tuscany

Logicor and Kryalos SGR have announced the acquisition of a c.63,000 sqm site in Quarrata, Florence, for the development of a new c.23,000-square-meter GLA hub in Tuscany.
Thursday, 21. March 2024

196+ forum Milan jury nominates Top 10 hotels

For the „Hotel Design Award 2024“, which will be presented at the 196+ forum Milan on Monday, April 15, the 12-member expert jury has nominated ten hotels from seven countries out of a total 37 applicants from 13 European countries.
Thursday, 14. March 2024

Castello SGR invests in Poltu Quatu €70m

Castello SGR, on behalf of its GEM fund, has purchased the Grand Hotel Poltu Quatu in northern Sardinia from Pulcini Group. The price of €70 million included the luxury hotel and approximately 100 residential units.
Tuesday, 5. March 2024

Covivio acquires 8.3% Generali stake in Covivio Hotels subsidiary

Covivio signed an agreement to acquire the 8.3% stake in Covivio Hotels held by Generali, in exchange for new Covivio shares. This transaction, which represents the equivalent of the acquisition of €500 million of assets and a capital increase of nearly €300 million, marks a major step in the reinforcement of Covivio in the h...
Tuesday, 5. March 2024

IGD signs agreement for sale of retail portfolio

IGD SIIQ S.p.A has signed an agreement with Sixth Street, controlled affiliates of Starwood Capital and Prelios SGR S.p.A. for the sale of a portfolio of 13 assets for €258 million, consistent with the book value as of 31 December 2023. The transaction is expected to close by April 2024.
Thursday, 29. February 2024

Deka buys Italian Deloitte headquarters from Ardian

Deka Immobilien has acquired the Italian headquarters of Deloitte. The auditors only inaugurated the historic Veneto 89 building in January. Ardian and Prelios SGR, on behalf of Areef Sicaf S.p.A, extensively renovated the property last year and have now successfully placed the Trophy Asset Trophy in the historic center of Ro...
Tuesday, 27. February 2024

Invel appoints Stamatis Sapkas as a Partner

Invel Real Estate has appointed Stamatis Sapkas as a Partner. Stamatis will have a strategic role focused on origination and the successful implementation of the firm's business plan.
Monday, 19. February 2024

REAM SGR acquires former Golden Palace Hotel in Turin

REAM SGR, on behalf of the real estate fund Geras 2, has acquired the former „Golden Palace Hotel“ located in the heart of the city of Turin. The former five-star hotel has a total area of 20,600 m². According to regional newspapers, the purchase price is around €36 million.
Tuesday, 13. February 2024

Realterm acquires IOS facility in Verona

Realterm acquired an industrial outdoor storage facility in Italy on behalf of its Pan-European core-plus fund. The circa 47,500-square-meter, fully-paved property, is located in the heart of Verona's Interporto logistics market and marks a significant addition to Realterm's growing portfolio.
Wednesday, 24. January 2024

Zeus acquires hotels in Italy and Greece from Prodea

Athens-based Zeus International Hotels and Resorts has acquired the Dolce Milan Malpensa hotel in Milan and the Lazart Hotel Trademark Collection by Wyndham from Athens-based Prodea Investments for an undisclosed amount. The hotel group already had the lease for both hotels.
Tuesday, 16. January 2024

W. P. Carey announces 2023 investment volume of $1.3bn

W. P. Carey today announced investment volume for the 2023 full year of approximately $1.3 billion, including investments totaling approximately $320 million completed during the fourth quarter.
Wednesday, 10. January 2024