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SPAIN, GOVERNMENT will add other 130 millions for square metre area for a mixed
BUYS BUILDING LANDS the urbanisation. purpose (residential, commer-
To boost up the construction Go to complete English version cial and touristy), in the coast
sector hit by the crisis, the Spa- city of Al Khor. The project
INAUGURATED THE MI-
nish Government will buy 'Urjuan' will give birth to 24,500
XED-PROJECT IN THE A-
building lands by real estate a- accommodations among hou-
REA OF 'AL KHOR' ses, hotels and apartments for
gencies, on which it will deve-
Qatari Prime Minister, Hamad more than 63 thousand people;
lop 20 thousand social housing
Bin Jassem Al Thani, officially the development of large gar-
buildings. The public offer of
inaugurated the project 'Urjuan' dens and tourist facilities, such
purchase of the lands is the
that will be developed by the as a golf course that will extend
main measure contained in the
group Barwa Al Khor, for a to- over a 686 thousand square
State Housing Plan 2009-2012,
tal investment of 7.2 billion eu- metre green area, it is also e-
presented by the Minister for
ros. The project envisages the xpected.
Housing Beatriz Corredor to
development of a 5.5 million Go to complete English version
the Autonomous Communities,
the trade unions and the em-
ployers' organisations. The o-
bjective is, on the one hand, to
reactivate the troubled sector
and, on the other hand, to rea-
lise an intervention of social
housing announced by the go-
vernment for the legislature.
The governments' offer to buy
land has a provisional budget of
300 million euros, to which the
state owned company for the
management of the land, SEPES,
Economy & finance
CRISIS PUSHES ITALIANS from 1,000 to 2,000 euros. The struction projects (Porta Nuo-
interest rates that emerge from va, Citylife, Porta Vittoria, Santa
FROM TAKING CREDIT
the poll are high, around 7% for Giulia, the Former Falck areas
The financial crisis has led Ita- the average, but for one Italian in Sesto San Giovanni, and Mila-
lians to avoid taking out home in four it is as much as 8% to nofiori) represent a total
mortgages; paying the monthly 20%. investment of more than seven
rate creates serious difficulties But how often do Italians re- billion euros, of which 6 (the
for 84% of Italians, so much so sort to taking out various types 85%) directly invested by main
that in 2009, as large a slice as of loans? On average about Italian banks. The group Co-
65% categorically excluded the three times in the last three lombo Costruzioni SPA won
possibility of taking out new years, but 7% resorted to the first tender for the develo-
mortgages and only 8% say they credit more than five times. pment of three office buildings
are ready to do so. Already this Go to complete English version and for the square/podium of
year a large number of custo- the project Porta Nuova Gari-
mers have turned their backs MILAN, CRISIS PROOF
baldi, designed by Cesar Pelli.
on loans and mortgages, almost MAXI-CONSTRUCTION
Colombo, which already deve-
50% of those interviewed in a SITES loped the Auditorium in Rome
poll taken by Confesercenti- The global financial crisis and and the new site of Sky Italia,
SWG. According to the survey, the credit crunch do not seem won over the competitors
every month Italian households to slow down the large con- CMB, CMC, GDM, Pessina e
pay out 478 euros, but for 23% struction works in Milan. At Pizzarotti, what is considered
of those questioned expenses least not all of them, even to be an important project.
vary from 500 to 1,000 euros, though the six large urban con- Go to complete English version
while another 10% shell out
Property showcase
OFFICE FOR SALE IN staircase connecting the floors. ground floor with 12 office spa-
FLORENCE It also has an elevator to the ces, in addition to restrooms
The Tuscany Region will sell at third floor. The property in and corridors.
public auction property for question is composed of a Go to complete English version
office use, which will be availa-
ble on 31 December 2009, and
is located in the municipality of
Florence, 13 Via Gustavo Mo-
dena, for an estimated price
of EUR 2,734,200.00.
This property, located on the
ground and underground floors,
is part of a four-above-ground-
floor building with the ground
floor elevated to the public
street and a rear garden, which
features an additional above-
ground portion of the building.
The building has a wide stone