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Coima Sgr acquires two municipal buildings for €30 million in Milan

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 million. 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 metres squared with a productive and artisan destination, while the real estate complex in largo De Benedetti includes two buildings spread over 3,129 metres squared, 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 metres squared.

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 metres squared.

Source: propertyeu.info on the 7th of July 2023

https://propertyeu.info/Nieuws/Coima-Sgr-acquires-two-municipal-buildings-in-Milan-for-30m/d62010c7-7371-4929-bcee-de20dc416a56