The Italian Trade Agency showcases the Italian Real Estate opportunities at Mipim in Cannes
The Italian Real Estate market continues its recovery phase thanks to renewed interest in direct investment. Foreign investors continue to play a primary role accounting for 60% of the total transaction value, or €5.5 billion of investment in 2016.
In last year’s fourth quarter, €3.8 billion were invested in the Italian corporate Real Estate segment while total investment in 2016 exceeded €9 billion, similar to the record figures registered in 2007, the last growing year before the crisis. In 2016 investment increased by 12% over the previous year with the Italian share on European total reaching 3.6% of total investment (compared to 3% in 2015).
This is the backdrop to the opening of MIPIM (Marché International des Professionnels de l’immobilier), the world’s most significant international Real Estate exhibition. Italian firms and institutions are participating exhibiting as a unified group, in order to maximize the impact of its offer.
The Italian Pavilion was coordinated by the Italian Trade Agency-ITA acting on behalf of the Ministry of Economic Development, in collaboration with ANCE-Italian Association of Construction Companies and with the support of two ministries committed to promoting public holdings, the Ministry of Defence and the Ministry of Economy and Finance. They have charged ITA to promote a selection of the finest and most interesting Real Estate proposals owned by the government, by companies in which the government or other public bodies have a shareholding or those with mixed public-private shareholders.
Several institutions have rallied together to exhibit a wide range of projects of all dimensions and types offering a wealth of investment opportunities. They include area redevelopment, logistics, residential and hotel development, infrastructural interventions, as well as development of office, industrial and retail projects and the creation of hubs to accommodate research labs, student housing, hospitals and other public services. Seventy public institutions and publicly participated corporations will present the 250 Italian projects in Cannes.
Many of the 250 properties presented are also exibited on www.investinitalyrealestate.com. Since its launch on March 16, 2016, the site has recorded approximately 90,000 visits by more than 66,000 users.