CBRE: INVESTING IN SHOPPING CENTRES IN SOUTHERN ITALY IS AN OPPORTUNITY
CBRE presents the report "L’oro del Sud ", with five important testimonies of professionals who have won their bet by investing in the south of Italy
Over the past decade real estate investments in the retail sector have grown, with shopping centres accounting for about 55% of the total volume of investment in Italy; particularly in the South there have been more than 2.5 billion Euros invested into the sector.
According to the report "L’Oro del Sud", shopping centres in the South of Italy, including Islands, represent 23% of the national stock (number of units) and are newer. The stock is newer because development started later in the South than in the remaining part of the country. For this reason the South of Italy has a larger concentration of big sized shopping centres, compared to the national average, which is 26%.
What are the reasons for investing in a shopping center in Southern Italy?
A shopping centre is an investment product with less volatile features compared to other asset classes; for example, it offers a great flexibility in trading leases and it presents greater chances to work actively on the investment. Nowadays, the possibility to expand the size of the market is given by its geographic diversification. The skills required in the management of a shopping centre are the same in the North and South of Italy: it is the ability to understand the peculiarities of the territory that determine the success of a shopping centre.