Amid the cost of living crisis, ongoing since last autumn, Italy saw unexpected resilience in Q1 as the initial GDP growth estimate of -0.2% was revised up to 0.1% QoQ. However, there was no good news on domestic demand: a 0.8% QoQ contraction in household consumption does not bode well for the future, as consumer confidence declined further during Q2.
Primonial REIM Italy announces the acquisition of part of the Centro Osmairm, a center of excellence for rehabilitation, offering also nursing home beds, located in Laterza in the province of Taranto in southern Italy. This acquisition was carried out on behalf of the SCPI Primovie, a retail investors fund managed by Primonial REIM France.