Demand for offices in Italy is shifting away from expansion towards consolidation and rationalisation in both the Rome and Milan markets, according to Savills' latest office research report. The review noted an evolution of occupier requirements with tenants demanding high quality, well-connected and green accommodation. As a result, there has been a marked move to modern out-of-town locations.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
