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Economic outlook of the Italian real estate market

22/10/2020

COIMA – Italy’s leading Real Estate investment, development and management company– today held the ninth edition of its COIMA Real Estate Forum, the annual event dedicated to analysing and debating the latest trends and economic insights on urban regeneration and real estate investment, in Rome. The Forum welcomed more than 500 delegates in the sector via an online streaming platform, with 60 cornerstone Italian and international institutional investors – coming from Asia, America, Canada, Middle East, Europe and Italy – and more than €2 billion of total assets represented.

Opened by Manfredi Catella, Founder and CEO of COIMA, Luca Montuori, the Assessor for Urbanism of Rome and the President of ENPAM, Alberto Oliveti, the first session focused on the Italian economic and real estate market outlook. This was presented by Komal Sri-Kumar, President of Sri-Kumar Global Strategies, and Gabriele Bonfiglioli, Managing Director and Investment Management, COIMA and focused on research conducted by COIMA about the outlook for the Italian office market following the pandemic.

Renowned architect Stefano Boeri (Stefano Boeri Architetti), representing the COIMA City Lab, has analysed the working group’s vision about the future outlook of cities, while Manfredi Catella delivered a presentation of of urban development proposals for Italian territories in line with the Recovery and Resiliency National Plan objectives.

The final discussion panel included the following speakers, and focused on the proposals for how Italian territories can be relaunched following the impact of Covid-19: Fabrizio Pagani, Global Head of Economics and Capital Market Strategy, Muzinich & Co., Luigi de Vecchi, Presidente Corporate Investment Banking, Citi Bank, Chiara Giaccard,i Professor, Sciences of Communication and Entertainment Department, UniCatt, Simonetta Giordani, General Secretary, Civita Association, Francesco Micheli, President, Genextra SpA and Francesco Profumo, President of ACRI.)

Manfredi Catella has declared: “The worldwide experience of the pandemic represents a historic and dramatic moment of change. However, this can also accelerate the priorities of those in charge in order to drive an economical, ecological and social transition towards a more balanced and sustainable capitalism. The Italian territory represents an extraordinary resource that can contribute in a decisive way to the recovery of the country. The Centre and South of Italy in particular will be at the heart of the national resiliency and urban regeneration plan, powered by public finance programs in partnership with the private sector.”

Market outlook
Despite a decrease in investments on the real estate market which, according to recent CBRE data, should amount to 5,3 billions of euro in the first nine months of 2020 (-15% compared to the 6,3 billions of euro of 3Q 2019), Italian investors have increased the share allocated in the asset class by 10%.

COIMA – Italy’s leading Real Estate investment, development and management company– today held the ninth edition of its COIMA Real Estate Forum, the annual event dedicated to analysing and debating the latest trends and economic insights on urban regeneration and real estate investment, in Rome. The Forum welcomed more than 500 delegates in the sector via an online streaming platform, with 60 cornerstone Italian and international institutional investors – coming from Asia, America, Canada, Middle East, Europe and Italy – and more than €2 billion of total assets represented.

Opened by Manfredi Catella, Founder and CEO of COIMA, Luca Montuori, the Assessor for Urbanism of Rome and the President of ENPAM, Alberto Oliveti, the first session focused on the Italian economic and real estate market outlook. This was presented by Komal Sri-Kumar, President of Sri-Kumar Global Strategies, and Gabriele Bonfiglioli, Managing Director and Investment Management, COIMA and focused on research conducted by COIMA about the outlook for the Italian office market following the pandemic.

Renowned architect Stefano Boeri (Stefano Boeri Architetti), representing the COIMA City Lab, has analysed the working group’s vision about the future outlook of cities, while Manfredi Catella delivered a presentation of of urban development proposals for Italian territories in line with the Recovery and Resiliency National Plan objectives.

The final discussion panel included the following speakers, and focused on the proposals for how Italian territories can be relaunched following the impact of Covid-19: Fabrizio Pagani, Global Head of Economics and Capital Market Strategy, Muzinich & Co., Luigi de Vecchi, Presidente Corporate Investment Banking, Citi Bank, Chiara Giaccard,i Professor, Sciences of Communication and Entertainment Department, UniCatt, Simonetta Giordani, General Secretary, Civita Association, Francesco Micheli, President, Genextra SpA and Francesco Profumo, President of ACRI.)

Manfredi Catella has declared: “The worldwide experience of the pandemic represents a historic and dramatic moment of change. However, this can also accelerate the priorities of those in charge in order to drive an economical, ecological and social transition towards a more balanced and sustainable capitalism. The Italian territory represents an extraordinary resource that can contribute in a decisive way to the recovery of the country. The Centre and South of Italy in particular will be at the heart of the national resiliency and urban regeneration plan, powered by public finance programs in partnership with the private sector.”

Market outlook
Despite a decrease in investments on the real estate market which, according to recent CBRE data, should amount to 5,3 billions of euro in the first nine months of 2020 (-15% compared to the 6,3 billions of euro of 3Q 2019), Italian investors have increased the share allocated in the asset class by 10%.

Media relations

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Lorenzo Barbato

MARKETING AND COMMUNICATION DIRECTOR

+39 338.50.21.471