In 2014, commercial real estate investment in Italy amounted to €5 billion (investments in office, retail, logistics areas and the hotel sector). Thus, it was increased by 20%, according to Cushman & Wakefield. The trend is expected to continue in 2015, worldpropertyjournal.com writes.
Retail covers about 45% of the total investment. Further interest is focused on the offices and hotel business.
Several large deals were signed in Turin, where, in particular, 8 Gallery Mall found a new buyer: GWM Financial Group paid for the building around €80 million.
8 Gallery Mall in Turin
The great foreign interest in 2014 was to Milan, where luxury office center of Credit Suisse on Via Santa Margherita went to Arab investors from Qatar Holding.
Credit Suisse office on Via Santa Margherita in Milan