DLA Piper's 5th Italian Real Estate Summit will be held at Hotel Rosa Grand, Piazza Fontana, Milan on 5 November 2019.
The recent crisis in the government evidences once more the uncertainties related to a political system incapable of taking the fundamental political decisions required to re-launch the Italian economy. However, despite a government which has more or less openly threatened to leave the Euro or at least not to respect the EU parameters any longer, the interest in Italian real estate has remained. The slow-down in certain market segments, such as retail, appears to be attributable more to general trends in Europe or in the world, rather than representing a negative judgment on the future of the Italian economy. Is a government crisis in Italy seen by international investors as “business as usual”? What will happen to the still existing gigantic amount of bad debt controlled by Italian banks? How long will logistics continue to attract Italian and foreign capital? Is residential the new destination for institutional money? Will Italian retail continue to suffer less than the US and other European countries from the challenges of online sales? The sixth edition of “Quo Vadis Italia?” analyses the views of international and Italian capital on the Italian real estate market in a context of continuous political uncertainties, not only in Italy, but also in Europe and globally. Seven panels with forty panelists from leading international and Italian investors, banks and asset managers will share with the audience their views on the Italian real estate market and the investment climate in Italy. Political uncertainties – business as usual?
Equity Group Investments
Sam Zell is the Chairman of Equity Group Investments (EGI), the private investment firm he founded more than 40 years ago. The firm's investments span industries and continents and include interests in finance, energy, transportation, communications, health care and real estate. Mr. Zell is recognized as a founding father of today's public real estate industry after creating three of the largest REITs in history.
He is also Founder and Chairman of Equity International, a private investment firm focused on building real estate-related businesses in international emerging markets. Mr. Zell has been particularly active in bringing Equity International's companies to the public markets.
Three of these investments are listed on the New York Stock Exchange: Gafisa, a leading homebuilder in Brazil; Xinyuan, a fast-growing regional homebuilder in China; and Homex, Mexico's leading homebuilder. A fourth, BR Malls, Brazil's largest retail property owner and operator, is listed on the Bovespa.