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» Chronological View: " Italy " «

CBRE acquires local facilities management provider Geico Lender

CBRE Group has acquired Geico Lender S.p.A, a building technical engineering services provider. Geico Lender will operate as part of CBRE’s Global Workplace Solutions (GWS) business and adds extensive specialist technical services capabilities to the integrated suite of services for occupier clients.
Tuesday, 19. December 2017

Barings acquires Italian retail park Parco Fiore

Barings Real Estate Advisers has acquired the 28,000 sqm retail park, Parco Fiore, located near Conegliano, North West of Treviso from an Italian SGR in an off-market transaction. The investment is being made through European Core Property Fund Italy, an Italian alternative investment fund set up on behalf of clients for this...
Friday, 15. December 2017
The CityLife Shopping District is opening in the heart of Milan

The CityLife Shopping District is opening in the heart of Milan

Now in its first week of opening, the new CityLife Shopping District with 32,000 m² has welcomed numerous visitors. The project is one of Europe’s largest redevelopment projects and will include 1,000 new homes, offices for almost 10,000 staff, which includes the 44-storey Generali Tower, a park with more than 100,000 m², pia...
Thursday, 14. December 2017
AEW acquires three high street retail units in Milan

AEW acquires three high street retail units in Milan

AEW has acquired three prime high street retail units in central Milan on behalf of the City Retail Fund for c. €44mn in aggregate. The portfolio was acquired from a Grosvenor Europe-managed fund. The City Retail Fund's strategy focuses on building a portfolio of high quality, income producing retail assets that are well loca...
Tuesday, 12. December 2017
Foruminvest starts development of the Monopolis Lifestyle Center in Puglia

Foruminvest starts development of the Monopolis Lifestyle Center in Puglia

Recently Foruminvest Italia signed the agreement for the development of the Monopolis Lifestyle Center in Monopoli (Puglia). Gran Shopping Mongolfiera was the first development project of Foruminvest Italia in Puglia, which opened to the public in 2008, with a lettable area of 35,000 m² and 130 stores, located in Molfetta (BA).
Monday, 11. December 2017

Demand for office space in Milan intensifies following record take-up

Office take-up in Milan is set to reach 330,000 sq m in 2017, making it the second strongest year on record. The first nine months of 2017 saw the strongest period on record for the city, with office take-up reaching 273,000 sq m. Indicators show this surge of take-up will continue well into the new year. With take-up at peak...
Friday, 8. December 2017
Coima launches new development phase of Porta Nuova

Coima launches new development phase of Porta Nuova

Coima launches Gioia 22, the new Porta Nuova tower block. Coima SGR will handle investment and asset management on behalf of a wholly owned subsidiary of The Abu Dhabi Investment Authority as the investor, while Coima Srl will be responsible for the development of the project.
Wednesday, 6. December 2017
PGGM and Hines enter separate account to invest in Milan

PGGM and Hines enter separate account to invest in Milan

Hines has entered a joint venture with PGGM to launch a separate account program primarily targeting high-street retail, office and mixed-use value-add developments in Milan. Hines will co-invest alongside PGGM into the account, which has an initial commitment of €155 million of equity, supported by moderate debt finance, and...
Friday, 1. December 2017

European shopping centre development slows but pipeline remains strong

Shopping centre development activity in the first half of 2017 increased total floorspace across Europe to 160.8 million sq m at the midpoint of the year, according to Cushman & Wakefield. In the first half of the year 825,000 sq m was delivered to the market in Central & Eastern Europe (CEE), compared with 344,000 sq m in We...
Thursday, 23. November 2017

Coima acquires rights on more than 32,000 sq m in Porta Nouva in Milan

Coima SGR was awarded the allocation of a communal area of 32,208 square metres, entirely located within the Porta Nuova area, located between the streets Melchiorre Gioia, Pirelli and Sassetti, by the municipality of Milan. The transaction, worth €78,888 million, was funded by the Coima Opportunity Fund II fund, reserved for...
Wednesday, 22. November 2017
Joint-Venture of Benson Elliot, Walton Street, Algonquin sells two Italian hotels

Joint-Venture of Benson Elliot, Walton Street, Algonquin sells two Italian hotels

A joint venture between Benson Elliot, Walton Street Capital and Algonquin SA has sold the Westin Europa & Regina hotel in Venice and the Westin Palace in Milan. The sale of the Venice and Milan hotels marks the penultimate exit from the Prime Europe Hotels portfolio of eight European gateway city properties, acquired by the ...
Wednesday, 15. November 2017

AXA IM - Real Assets acquires Grade-A office building in Milan for c. €44 million

AXA Investment Managers - Real Assets has completed the acquisition of a Grade-A office building, located in the dynamic Bicocca business district of Northern Milan for c. €44 million. Acquired from Effepi Real Estate, a fund managed by Generali Real Estate S.p.A. - Società di Gestione del Risparmio, the acquisition was made ...
Thursday, 9. November 2017
BMO REP acquires two high-street retail properties for €150 million

BMO REP acquires two high-street retail properties for €150 million

BMO Real Estate Partners has acquired two prime retail properties for €150m, on behalf of its pan-European retail property investment fund. The fund focuses on high-quality retail properties in prime shopping streets within major European cities and is aimed at institutional investors. MF Studio Legale advised BMO REP on both...
Monday, 6. November 2017

Cushman & Wakefield brings Urban Outfitters to Italy

Cushman & Wakefield, instructed by InvestiRE SGR, has carried out another important high street transaction; evidence that the Italian retail market continues to attract high-profile global brands. The global lifestyle brand Urban Outfitters rented space in the prestigious Corso Vittorio Emanuele in Milan.
Friday, 3. November 2017
CBRE GI acquires 31,100 sqm warehouse from Akno Business Parks

CBRE GI acquires 31,100 sqm warehouse from Akno Business Parks

CBRE Global Investors, on behalf of the CBRE European Industrial Fund (EIF), has acquired the second phase of the Trucazzano Business Park in Truccazzano (MI), 15 km east from Milan. The 31,100 sqm warehouse is newly developed and built to the highest quality standard. The property was sold by Akno Business Parks in an off-m...
Tuesday, 31. October 2017

Coima Res acquires Monte Rosa office complex in Milan for €57 million

Coima Res has purchased “off-market” an office complex in Via Monte Rosa 93, Milan for €57 million (plus transfer tax and due diligence costs). The purchase price represents a discount of 3.7% vs the fair value of €59.2 million, as estimated by the independent appraiser CBRE. The fair value implies an EPRA net initial yield o...
Monday, 30. October 2017
ECE opens refurbished food court at Megalò shopping center in Chieti

ECE opens refurbished food court at Megalò shopping center in Chieti

A new highlight for Megalò shopping center in the Italian city of Chieti: After a construction period of six months ECE, responsible for the management and leasing of the center, and the ECE European Prime Shopping Centre Fund I, investor for the center, opened the redesigned food court of Megalò. Named “Cucina Club” the new ...
Monday, 30. October 2017

Coima Res sells 21 Deutsche Bank assets for €31.8 milion

Coima Res S.p.A. SIIQ has accepted, through Coima Core Fund IV, a binding offer for the sale of a portfolio of 21 Deutsche Bank properties for a price of €37.8 million substantially in line with the book value as of June 30th, 2017 (3.6% discount). As a reminder, to date, Coima Res has sold Deutsche Bank branches in the North...
Monday, 30. October 2017