
City News Milan Q1 2023
Take-up for Q1 2023 was stable on the 5-year average and down Y-o-Y, despite Q-o-Q growth. The number of transactions was the highest for any first quarter
Take-up for Q1 2023 was stable on the 5-year average and down Y-o-Y, despite Q-o-Q growth. The number of transactions was the highest for any first quarter
Rome's take-up growth both Y-o-Y (+69%) and on the 5-year Q1 average +61%. The EUR submarket accounted for the greatest share of take-up (74%) thanks to a large public sector occupier deal closed there
Take-up reached a new record total by end 2022, as did Q4 take-up, both exceeding 5-and 10-yearly averages
Dynamism continues in the Office Leasing Market 133,000 SQM let in Q2 (+9% vs. Q2 2021)
Take-up underwent a consolidated recovery in 2022, increasing y-o-y to pre-pandemic levels despite a significant Q4 contraction
Fast pace in H1 in the Office Leasing Market 30,000 SQM let in Q2 (-30% vs. Q2 2021)
Annual investment volumes in Italy reach €11.8 bn despite sharp fall in Q4 2022
€8.7 bn invested in nine months: +63% vs Q1-3 2021
In this sixth edition, “The Lighthouse H1 2023 – European Property Market outlook”, BNP Paribas REIM presents its outlook of the European real estate market, across all sectors. For this, the company relies on in-house forecasts, analysis and expertise of its local teams, to define its convictions and investment opportunities for 2023 and beyond.
BNP Paribas Real Estate Investment Management (REIM) acquired a building located on Via Melzi D’Eril 34 in Milan on behalf of the NEIF III fund (Next Estate Income Fund III), from the “AREF Sunshine” Fund managed by Prelios SGR and fully invested by Ardian Real Estate European Fund I.