-Which is the performance of the Outlet Mall Fund (if there are any updated data that can be disclosed)
? "The Fund has delivered an annualised IRR of 12.3% on invested equity from inception to 31 December 2012."-If Henderson specifically sees in the current enviroment opportunities for investments in Italy (there are some interesting opportunities on the market) or for sale of assets?
"We are not progressing with any sales or acquisitions at the moment however we continue development at our Barberino Outlet Centre (nr Florence). Henderson is committed to its Italian platform. It set up its office in Milan in 2000. It operates an SGR platform for the launch and management of Italian funds and currently has €1.1 billion assets under management
. Our partnership with Investire Immobiliaire aims to increase our Italian product offering for both local and international investors. It has significantly boosted our strategic positioning within the Italian market, as well as opening up a new distribution channel for our real estate products."
-How do you view the Italian market at the moment? "After the election most international property investors have put acquisitions in Italy on hold again. Italy is currently too weak to attract core investors, and the Italian market has so far proved to be too rigid on pricing to attract opportunistic players. The latter currently favour Spain. Having said that, this month, significant yield increases reported by some agents in Italy have triggered opportunity investors to analyse the market, but so far these high headline yields are notional in absence of t...
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Sunday, 19 May 2013 17:18 |
REGISTRY
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> NEWS
JLL adds to Italian logistics teamJones Lang LaSalle has hired Alessandra Rabuini - 15/05/2013, 10:35 | Italy | Jones Lang LaSalle S.p.A.
Pension Fund of Agenti di Assicurazione: Euro 30 mn invested in real estateLucio Modestini, president of the fund, announces - 09/05/2013, 10:28 | Italy
Doglio confirmed as CEO of Fabrica Immobiliare SGRFor 2013-2015 - 08/05/2013, 10:30 | Italy | Fabrica Immobiliare SGR S.p.A., Doglio Marco
Beni Stabili, net profit down in Q1Euro 6.9 mn consolidated net profit, - 57.8% - 07/05/2013, 10:27 | Italy | Beni Stabili S.p.A. SIIQ
EIRE: ITALY INTERNATIONAL!Italy International! is a special initiative organised by EIRE - 16/05/2013 | Milan | EIRE
Foruminvest Italia sells her 50% stake in Mongolfiera MolfettaThe shopping centre is sold at a price of around € 135 mn to private investor - 15/05/2013 | Bari | Foruminvest Italia S.r.l.
Prelios: held shareholders’ meetingBruno appointed as chairman, Caputi as deputy chairman, Iasi confirmed as CEO - 08/05/2013 | Milan | Prelios S.p.A.
Paolo Scordino appointed as CEO of Prelios SGRBoard approved the reports at 31 march 2013 of listed funds Tecla and Olinda - 30/04/2013 | Milan | Prelios SGR
Portafoglio alberghi Italia01/12/2011 | Milan | Jones Lang LaSalle Hotels
 Jones Lang LaSalle sells an important hotel portfolio in various locations in Italy. Hotel Villa Carlotta e Hotel Milano
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Nomisma Outlook Flash - 13.05.201316 real estate funds will expire in the next three years - 13/05/2013 | Italy | Nomisma S.p.A.
Nomisma Outlook Flash- 06.05.2013Also for foreigners in Italy becomes more and more difficult to transfer money to their families of origin - 06/05/2013 | Italy | Nomisma S.p.A.
Nomisma Outlook Flash- 29.04.2013Only 3.2% of the homes of italian families possess all the “green” requirements - 29/04/2013 | Italy | Nomisma S.p.A.
Nomisma Outlook Flash - 22.04.2013The outbreak of the sovereign debt crisis and the rise in the spread caused a decline in GDP - 22/04/2013 | Italy | Nomisma S.p.A.
Italian market: investors could return in forceInterview to Jamie Acheson* of Henderson Global Investors - 15/04/2013 | Italy | Henderson Global Investors
We want more money coming into Italy!Interview at Justin O'Connor, Ceo Cordea Savills - 02/11/2012 | Italy
Retail High Street stable rentsWorld Capital: Milan, Via Monte Napoleone on top of the list - 07/05/2013 | Italy | World Capital Real Estate
Office take-up: Milan slows down, Rome in recoveryDTZ Property Times Offices in Milan and Rome, T4 2012 - 27/02/2013 | Milan, Rome | DTZ Italy
Italy Commercial Real Estate ReportInvestment Transactions 2012 - 05/02/2013 | Italy | Zaffaroni Luca
Knight Frank: Italy InsightResidential Research - 20/12/2012 | Italy | Knight Frank
> PROJECTS
Parco Nuovo - Buzzi Unicem26/04/2012 | Piacenza
 Parco Nuovo is an entrepreneurial initiative of bioarchitecture carried by Buzzi Unicem in Piacenza and belonging to a significative project of environmental sustainability. Its' masterplan has been made by Arch. Mario Cuccinella, Renzo Piano's pupil and winner of “Energy Performance + Architecture Award” in 2006, while its guidelines have been written by Arch. Alessandro Trivelli, winner of the Eurosolar Prize - Italian Section 2010 http://www.parconuovo.it/chisiamo.php Parco Nuovo represents a new way of life,... [CONTINUA] Sciaia di Brindisi: area Aeroporto-Porto-Castello Alfonsino
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Jones Lang LaSalle has hired Alessandra Rabuini to support its logistics and industrial team in Italy, headed by Roberto Piterà. Rabuini has several years of experience in the property sector, particularly in logistics for pharmaceutical companies. She previously worked for ND Logistics, Dimaf (today known as CEVA), Gruppo Giraud Logistics, as well as Logistica Silvano Chiapparoli & Canali, where she held the post of commercial director of logistics activities. With main offices in Milan and Rome, JLL has about 100 staff in Italy. 
EIRE Expo Italia
Real Estate, scheduled from 4th to 6th June and being held at
Fieramilanocity for the first time, is becoming increasingly
identified as an event open to international investors with an
interest in Italy. In this regard, "Italy International!" is a
special initiative organised by the EIRE Scientific Committee and
DLA PIPER with the intention of highlighting this theme. The
project will be hosted in the Investors' Lounge area and will be
divided into two different branches: a cycle of three conferences
dedicated to the investment world, and a presentation of the best
projects developed by international investors in Italy.
In the next three
years will expire 16 real estate funds with a total value of about
4.5 billion euro. Of these, in the light of the extensions already
approved, about 1.2 billion should be sold by the end of this year.
This figure is incompatible with the negligible size of the current
market, also due to the concomitant liquidation of the financial
instruments reserved for qualified investors considered elusive.
However, it will hardly be possible to be g... 
The real estate
consultancy company World Capital has released its latest Retail
High-Street report, noting that rents in the main Italian
high-streets have been stable compared to 2012. Rents
stand at Euro 300-6,7 sqm/ year in northern Italy, Euro 400-6,100
sqm/ year in the centre, Euro 100-2400 sqm/ year in the south. In
cities like Milan, Turin and Verona rents remain stable, whereas in
Genoa, Florence and Venice they have fallen by...