A source at the airport said investments are going ahead this year, with works already underway continuing. Previously, AdR has said it is investing 150 mln eur in expansion of Rome airports.
The Il Sole report said the plans include divestment of duty free retail by June this year and maintenance operations by end-2008.
Thursday, January 31, 2008
Monday, January 28, 2008
Period apartments Tuscany
Tuscany is one of the most popular locations in the world for British emigration, this too gives another rental opportunity from family members wanting to go out and spend time with their ex-pat relatives. But it is also testament to the many wonderful sights and charming characteristics that Tuscany is world renowned for:
Italy is famous for fine wine and fast cars, but Tuscany's abundance of nothing but period style property gives it a charm all of its own. Its Mediterranean climate and world class beaches are also attractions to tourists and property investors from around the world.
Italy is famous for fine wine and fast cars, but Tuscany's abundance of nothing but period style property gives it a charm all of its own. Its Mediterranean climate and world class beaches are also attractions to tourists and property investors from around the world.
Thursday, January 24, 2008
MIPIM, the World’s Property Market, is set to welcome a record number of real estate professionals
Italy will notably be represented by Pirelli and Risanamento, the two heavyweights of Italian real estate development, and by the cities of Milan, Torino, Venice and Florence. Bologna will also be present and exhibit an ambitious urban regeneration project, focusing on the renovation of a former Ministry of Defence site with a total surface area of 835,000 m².
Monday, January 21, 2008
History, geography - and value
The coastal hinterland is less well known and less expensive. Venture a few kilometres inland from Pesaro and Fano and you find an astonishingly unspoilt landscape. Forests rise on the slopes of the Appenines looking more akin to Tuscany or Umbria but with the added bonus of the sea a short drive away.
And for buyers seeking a classic Italian farmhouse, or casolare , there are still bargains to be had. About €100,000 will buy a 100 sq metre unrenovated stone farmhouse with panoramic views about 20 minutes from the sea. Compare that to Tuscany, where one-bedroom apartments in renovated farm complexes sell for between €150,000 and €160,000.
And for buyers seeking a classic Italian farmhouse, or casolare , there are still bargains to be had. About €100,000 will buy a 100 sq metre unrenovated stone farmhouse with panoramic views about 20 minutes from the sea. Compare that to Tuscany, where one-bedroom apartments in renovated farm complexes sell for between €150,000 and €160,000.
Saturday, January 19, 2008
Bank of Italy sees big risks to euro zone growth
"It is possible that new difficulties on financial and real estate markets, particularly in the United States, lead to a steeper than expected slowdown in many economies, which would be reflected in a marked slowdown in world demand," the BOI said.
It noted the ECB's staff forecasts in December anticipated that "world demand would even show a slight acceleration".
It noted the ECB's staff forecasts in December anticipated that "world demand would even show a slight acceleration".
Wednesday, January 16, 2008
Italy chases Spain as the favourite country for investment
Recent figures from Foreign Currency Direct property portal, show that overall enquiries from November for Italy were 19% of the total market with only Spain more at 27%.
Continued Linda,” There has been an initial surge of interest in the emerging markets of Eastern Europe but this tends to lead to speculation buying and with it comes inherent risks. Interestingly, figures show that the market has now turned on its head and reverted back to investors looking for established countries such as Italy where there is a track record of capital growth and rental returns.
Continued Linda,” There has been an initial surge of interest in the emerging markets of Eastern Europe but this tends to lead to speculation buying and with it comes inherent risks. Interestingly, figures show that the market has now turned on its head and reverted back to investors looking for established countries such as Italy where there is a track record of capital growth and rental returns.
Sunday, January 13, 2008
Bonyan sets up $10m yacht factory in Italy
DUBAI — Bonyan International Investment Group, which mainly develops real-estate projects, will build a Dh36.7-million ($10 million) factory in the Marche region of Italy to manufacture yachts for clients across the Gulf region.
Due for construction next month and completion this year, the facility will complement Bonyan's two-year-old yacht-making factory in Egypt, according to Abdulla Atatreh, chairman of Bonyan. Already, Bonyan has book-orders for 10 yachts worth Dh55.1 million ($15 million) due for delivery between the fourth-quarter of this year and the first-quarter of 2009.
Due for construction next month and completion this year, the facility will complement Bonyan's two-year-old yacht-making factory in Egypt, according to Abdulla Atatreh, chairman of Bonyan. Already, Bonyan has book-orders for 10 yachts worth Dh55.1 million ($15 million) due for delivery between the fourth-quarter of this year and the first-quarter of 2009.
Monday, January 7, 2008
RREEF pays E100m for Milan office block
he 153,500 sq ft office block in the historic business district of Milan was bought from Patrimonio Uffici, a fund managed by Pirelli & C. Real Estate Opportunities.
The building, on Via Meravigli near the city’s historic Duoma and Sforzesco Castle, is currently occupied by offices and seven retail shops.
Gianluca Muzzi, co-head of RREEF Italy, said the company had invested because of the strong office market in Italy.
The building, on Via Meravigli near the city’s historic Duoma and Sforzesco Castle, is currently occupied by offices and seven retail shops.
Gianluca Muzzi, co-head of RREEF Italy, said the company had invested because of the strong office market in Italy.
Tuesday, January 1, 2008
Under A Tuscan Sun
It is one of the most expensive areas to buy in Italy, but Tuscany, the birthplace of the Italian Renaissance, has always been popular with foreign buyers and quality property is becoming increasingly difficult to find.
What's so special about it? During the mid 19th Century, Florence was the capital of the Kingdom of Italy. Tuscany is said to be the birthplace of the Renaissance movement and the region is now famous the world over for its architecture and art. There are six main protected UNESCO sites, from the historical centres of Florence and Siena, the square of the Cathedral of Pisa with its leaning tower and also the centres of San Gimignano, Pienza and Val d'Orcia.
What's so special about it? During the mid 19th Century, Florence was the capital of the Kingdom of Italy. Tuscany is said to be the birthplace of the Renaissance movement and the region is now famous the world over for its architecture and art. There are six main protected UNESCO sites, from the historical centres of Florence and Siena, the square of the Cathedral of Pisa with its leaning tower and also the centres of San Gimignano, Pienza and Val d'Orcia.
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