Colliers to sell last available island in Venice lagoon

Colliers International has received an exclusive mandate to market for sale the last island available in the Venice Lagoon, San Spirito.

The island offers an opportunity to redevelop the 3,500 m² of existing historical structures as well as the potential for 4,500 m² of new construction. The main use designations permitted by the local regulatory plan are residential, hospitality and offices.

'The island, where works to recover the old convent are already underway, could become the location of a prestigious hotel or could see the realisation of luxury residential units,' said Massimo Saporito, head of Investment Services for Colliers International in Italy.

Located only a 10 minute boat ride from San Marco Square and close to Giudecca and Lido, Santo Spirito provides a rich cultural history that dates back to the XII century when the island was the seat of a monastery. San Spirito Island is currently owned by Poveglia., a special purpose entity formed by a group of Venetian real estate entrepreneurs who focus on the recovery of local historical properties.