(Visited 24 times, 1 visits today)
(Visited 24 times, 1 visits today)

Settimo Cielo doubles. The expansion works will be completed by 2018

25 October, La Stampa

A 35 shops arcade coming soon

It will be one of the biggest retail parks in Italy. The works for the expansion of Settimo Cielo have started. The retail park was inaugurated in 2011 in Settimo, for a commercial surface of 43 thousand Sq m. They’ll be soon added other 26 thousand, forming a shopping arcade of 35 shops and a food court. That is not all: in the future, they’ll be also a leisure area of 11 thousand Sq m. An actual city with shops, restaurants and entertainment.

9 million visits

The inauguration is expected by the end of 2018 and the beginning of 2019. How will it be? It’s still not known, but several important brands have shown interest in the retail park that sees 9 million visits yearly thanks to the excellent connection with the Turin-Milan and Turin-Aosta motorways, along with the proximity of the metropolitan area of Turin and some innovative solutions to minimize the environ metal impact. The owner of the assets is the company Settimo Sviluppo spa, that has assigned the construction to Building and the planning to Building Engineering and Boffa Petrone & Partners. The expansion is promoted by Promocentro Italia and the marketing is carried out by Cushman & Wakefield, already responsible for the management of the whole park.

New investments

The expansion was made possible thanks to a funding to Settimo Sviluppo from Unicredit (for 21.5 million) Credit Agricole, Bpm and Carige, for 40 million euro. “The expansion of Settimo Cielo is an investment of great value, for its economical nature as well as in commercial and occupational terms- explains Piero Boffa, Building president – the facility is excellently positioned at the beginning of the motorway connecting Turin to Milan, with plenty of transport connections to the city, with the benefit of businesses and the community”.

Source: La Stampa

Translator: Cristina Ambrosi

(Visited 24 times, 1 visits today)

Read more:
Milan: rents spiked in Lorenteggio, Certosa and Bocconi

08 October, Il Giornale The demand is growing, the offer is reducing, and prices are to the roof. Milan’s rental...