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Coima presents Corso Como Place

10 September, Re Quadro

Coima Sgr, the leading company in asset management for investments funds on behalf of institutional investors, presented its requalification project named Corso Como Place, one of the many ongoing extensions of Porta Nuova.

The urban regeneration project is developed through the real estate fund Porta Nuova Bonnet, whose investors are the listed real estate company Coima Res and the development fund Coima Opportunity Fund II, the biggest real estate fund for urban regeneration in the Italian market. Coima Sgr operates as an investment and asset manager, while Coima Srl is the development manager. The project is funded by Banco Bpm, continuing its long-term partnership with Coima. The total investment amounts to over 160 million euro.

The plan aims at recovering the whole block between Via Tocqueville and Via Bonnet in Milan, for over 22 thousand Sq m of surface. It represents an essential piece to link together the public areas of Via Pasubio, where the Giangiacomo Feltrinelli Foundation and the Microsoft House are, and Corso Como and Piazza Gae Aulenti. The area has been closed to the public in the last few years and kept isolated from the surrounding urban fabric. It includes the 21-storey building 70 metres high which used to be the Unilever headquarters. The tower was designed at the end of the Fifties by Francesco Diomede, Giuseppe and Carlo Rusconi, an icon of Milan’s architecture.

The project implies the total requalification of the existing tower and the implementation of a new building for over 4 thousand Sq m of office and commercial space, along with the requalification of the surrounding pedestrian walks and the elimination of the fencing, creating a continuum with the pedestrianised area of Corso Como. The creation of a new square linked by cycling and walking paths and green spaces reflects the whole philosophy around Porta Nuova which favours environment-friendly means of transportation and the integration with the rest of the city.

The requalification aims at implementing a pilot project based on technologic infrastructures and digitalisation of operational management. Such innovative buildings will align Milan with the other European cities, such as Amsterdam with The Edge. Through devices using Internet of Things (IoT), the buildings will feature Smart Building technologies with the most advanced communication systems to allow the remote access to the services. A network of sensors will monitor the whole structure. The network will process the data which will be accessible through an app for smartphones e tablets, connecting people with the elements of the building from the lighting and conditioning systems to the coffee machine. Users will be able to customise their environment in order to have the highest the level of comfort, choosing the optimal illumination, temperature and shade.

Concerning certifications, Coima is determined in contributing to innovate Milan. For this reason, the company has started:

1) the International WELL Building Certificate. The accreditation evaluates how design, services and behaviours inside a building can have a positive influence on people’s health based on criteria such as psychological well-being, comfort, movement, quality of light, of food, water and air.

2) the LEED Gold certification

3) the Cradle to Cradle design protocol. It concerns the criteria of circular economy in the choice of materials and the process implementation, limiting the energy consumption thanks to the introduction of more efficient best practices in regard of sustainable construction in compliance with the Nearly Zero Consumption Building standards. For instance, 65% less for water consumption, 80% less for irrigation, a 30% reduction of the energy consumption and use for 25% of materials from sustainable sources.

To pursue its research and development program and its urban regeneration projects, Coima has created an interdisciplinary committee named Sustainable Innovation Committee. The committee is active on the matters of sustainability, digitalisation and technology, community management and smart construction. It also focuses on R&D, product innovation and technology applications with particular attention to the needs of the future uses and to environmental and social sustainability. Through Coima Res, Coima has also created a European Think Tank together with five other listed real estate companies (Alstria, Colonial, Gecina, Great Portland and NSI). The objective is to share their mutual experiences in the sector.

The works are expected to be completed by 2020. So far, the basement has been cleared and emptied for a total space of 25 thousand cubic metres. The call for tender to find a general contractor saw the participation of six companies, and it was won by I.C.M. Costruzioni Generali, which started the works in August.

Manfredi Catella commented: “after our contribution to the innovation of Milan with Porta Nuova, we want to invest 2 billion euro in other Italian cities in regeneration projects that might be taken as examples for innovation and sustainable at international level. The requalification of Corso Como Place will include the first building with the WELL certification. Moreover, the passing lanes will connect Piazza Gae Aulenti, Corso Como and the Feltrinelli Foundation”.

“The project follows the skyline characterising the Garibaldi‐Repubblica‐ Central Satton axe. It implies interventions on the territory which will be beneficial for the whole community”, added Pierfrancesco Maran, Councillor for urban planning for the City of Milan. “The energetic and technologic aspects of the project are very important, and we expect great attention in the matter of sustainability”.

“The project will have the innovative features required by the international standards of the industry these days. It will become a landmark for the city. In the meantime, we will create flexible and modern workspaces suitable to the contemporary way of working”. According to Lee Polisano, PLP Architecture founding partner and president, “the Podium will give an essential contribution in terms of placemaking for the organisation of spaces. It will be the entrance to the Tower, and its dynamic look is aimed at catching the attention of passers-by”.

In the only town and Porta Nuova, Coima has implemented and currently manages a portfolio of over 30 buildings LEED certified for over 300 thousand Sq m, which are leased to 60 prime tenants. The buildings constitute 50% of the market of Class-A buildings. In the last three years, Coima Sgr has gathered over 2 billion euro from primary institutional investors, 95% of which international, pursuing its long-term strategy (mainly implying retirement and sovereign funds), and placing itself among the most active companies in the field of urban regeneration and as the leading developer in Italy. Coima is currently developing projects for over 200 thousand Sq m, and it has recently acquired the Valtellina/Scalo Farini area.

Source: Re Quadro

Translator: Cristina Ambrosi

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