The fourth quarter reported a record absorption figure of 90,482 sqm, which was significantly higher (+54%) than the figure for the previous quarter.
The number of deals increased further in the quarter (44), up from 37 in Q3 and 27 in Q2; for the whole year of 2017 there was a 20% rise in the number of deals (141 versus 117 in 2016).
The absorption for the quarter was driven by a pre-let in the EUR Torrino area of approximately 43,000 sqm, which accounted for 48% of the total absorption of the quarter, by a prime multinational in the energy sector.
The development pipeline was slightly higher with around 165,000 sqm under construction/ refurbishment expected between 2018 and 2019; there were no completions in the quarter.
Investments in the period came to approximately 125 million Euro, confirming the record trend set for the whole year.