21 January, Pambianco Design
Proiezioni Future, the joint venture between the Milan-based developer and construction company Borio Mangiarotti and the international alternative investment company Varde Partners entered a sale and contract agreement through Orion European Real Estate Fund V. The fund is promoted and collected by Orion Capital Managers in order to develop an office real estate complex inside the requalification project SeiMilano. The site is located in Milan near the Bisceglie metro station.
SeiMilano was born from the joint venture between Varde Partners and Borio Mangiarotti at the end of 2017. It’s one of the biggest requalification projects concerning a suburb of Milan, with the aim of creating a new “living experience” according to the latest energy saving, quality of life and social inclusion criteria. The masterplan is signed by the architect Mario Cucinella, and it concerns the development of houses covering approximately 100 thousand Sq m (a part of which will be destined to regulated housing) and of over 30 thousand Sq m for class A offices and about 10 thousand Sq m for retail.
Orion Capital Managers decided to invest in the project acquiring over 30 thousand Sq m of class A GLA, for a total estimated investment of over 100 million euro. Strategically located, the offices will be close to the Bisceglie metro station and to a new park which will be as big as Sempione. The new park is signed by the internally-known landscaper Michel Desvigne.
“We’re delighted that another international investor decided to join SeiMilano, taking care of the office development part. Orion will develop new-generation offices which will enhance the quality of the whole project”, commented Edoardo De Albertis, Borio Mangiarotti Ceo.
Source: Pambianco Design
Translator: Cristina Ambrosi