Coima Sgr has won a public tender called by the City of Milan for the sale of the Largo De Benedetti complex in Porta Nuova for €30.5 mln.
The lot includes the property complexes located in Largo De Benedetti and Via Messina.
The part in Via Messina includes a built-up area with a land area of 3,132 m2 with a productive and artisan destination, while the real estate complex in largo De Benedetti includes two buildings spread over 3,129 m2, occupied by municipal offices that will be vacated by 2023.
In accordance with the tender provision, the area in Via Messina will be used for private services of public interest, for example student halls at rates agreed with the City of Milan, while the area in largo De Benedetti will be used to construct a building intervention with an area of 6,261 m2.
The largo De Benedetti complex is part of the Porta Nuova Gioia urban regeneration project, included in a master plan that consists of the Gioia 22, I Portali, Pirelli 32, Pirelli 35, and Pirelli 39 developments totalling 270,000 m2.
Gabriele Bonfiglioli, CIO of Coima, said: ‘The awarding of this lot is a choice that confirms our strategy of sustainable urban regeneration and investment in the territory, consistent with the objectives of the Coima Esg City Impact fund, which will carry out a project with a total value of more than €100 mln for the redevelopment of the two areas occupied by obsolete buildings, minimizing the impact resulting from the use of new portions of land.’
The area is located in the immediate vicinity of the properties Gioia 22, the new HQ of Isybank designed by studio PCPA and the first tower in Italy to meet Nearly Zero Energy Consumption Building (nZEB) standards; I Portali, the future HQ of KPMG under development with design by studio Antonio Citterio Patricia Viel; and Torre Botanica, the next project by studio Stefano Boeri Architetti.
The transaction was finalized through Coima Esg City Impact Fund (CECIF), which initially raised over €500 mln in 2022 and is now targeting over €1 bn.
The acquisition of the two real estate complexes was supported by law firms Belvedere Inzaghi & Partners and Maisto & Associati.
