A fund managed by COIMA SGR has acquired the Italian headquarters of pharmaceutical firm Boehringer Ingelheim Group for an undisclosed sum.
The Italy-focussed COIMA Opportunity Fund II bought the complex at Via Lorenzini 8, which comprises of 7 buildings with a gross above-ground surface area of 19,300sqm and planned commercial surface area of 19,500sqm.
The latest acquisition, which follows the recent acquisitions of buildings at Via Lorenzini 4 and Via Ripamonti 85, expands the firm’s presence in the Porta Romana Railway Yard area.
Coima said it expects to begin the process of upgrading the Via Lorenzini 8 complex after Boehringer vacates the premises at the end of 2021.
Manfredi Catella, Coima SGR’s CEO said: “Covering more than 216,000sqm, Porta Romana represents the second largest decommissioned railway yard in Milan by surface area.”
“In line with our holistic approach to requalifying areas - such as our project that links Porta Nuova to the Valtellina area along a strategic axis of the city that may continue all the way to Arexpo - the Via Lorenzini properties, along with the properties acquired on Via Ripamonti, will be part of a broad an important urban regeneration project, in accordance with the highest international sustainability standards.”