Independent asset manager Colliers Global Investors Italy (formerly Antirion) has acquired three Build To Rent (BTR) real estate assets in Milan.
The acquisition was conducted via the HEFV 2 Italy C fund, fully underwritten by global real estate player Hines.
The three assets, located in rapidly developing central areas, will bring more than 260 real estate units to the city, improving the surrounding urban areas that have long been penalised by disused buildings and featuring the extensive use of greenery.
Due to their environmental credentials, the properties will aim to obtain LEED Gold certification.
The redevelopment project in Via Trivulzio, led by Beretta Associati, will involve a complete renovation of the building, keeping the current structural elements unchanged. It will be the first BTR in the Milan real estate market, expected by the end of 2023.
The Via Roncaglia project, entrusted to Asti Architetti, involves the development of a corner building, and the building units will be distributed over four stairwells. The ground floor will include amenities, lobby and reception.
Finally, DFA Partners will be responsible for the Via Villorsi development that will consist of a 6-story building outside with housing units distributed over two stair bodies. Green spaces on the ground floor will accommodate private and condominium gardens.
