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Quarterly logistic take-up reached 228,350 sq m, an increase of 20% with respect to the previous quarter. The annual absorption returns to growth highlighting an increase of 31% compared to the last year.
Prime rents remain stable in both Milan and Rome at 48 €/sq m/year and 52 €/sq m/year respectively.
The investment volume in the logistic sector during 2014 was 75% higher than the volume recorded in the previous year.
After the declining recorded in the third quarter of the year, the prime net yield remain stable at the threshold of 7.50% (8.00% gross).
The Italian CRE investment volume in Q4 2014 has totalized € 2.6 billion, an increase of over 50% on the previous quarter and 10% on annual basis.
With almost 50% of the total, retail sector confirms the most preferred target for investors during 2014 followed by the office sector with the 29% of the yearly share where the portfolios’ disposals accounted for 60%.
The US and the Middle-East sovereign investors remain the most active also in 2014. The majority of the domestic investment volume was carried out by pension funds.
At the end of 2014 it is confirmed the improvement in the debt market with a growing number of banks, mainly international, returned to finance the real estate market even if very selectively.