Tag: Covivio

Aermont completed two acquisitions from Allianz and Covivio

16 March, Il Sole 24 Ore

Aermont Capital announced the acquisition of two properties from Allianz, located in Via Pirelli and Via Monte Grappa, Milan, and a third asset from Covivio in Via dell’Innovazione, not far from Porta Nuova.

The building in Pirelli covers 29,000 Sqm and is currently vacant, while the Innovazione asset (28,000 Sqm) is partially leased. Both located in the dynamic area of Bicocca, they will be turned into grade-A state-of-the-art offices by Aermont complying with the sustainability criteria.

The asset in Monte Grappa consists of a 65-rooms hotel leased to NH Italia spa.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

DeA Capital bought shopping centre Le Fornaci near Turin

28 December, Monitor Immobiliare

DeA Capital Real Estate sgr acquired from Covivio a 6,800 Sqm area corresponding to 50% of the shopping centre Le Fornaci in Beinasco, Province of Turin. The asset consists of 36 commercial units, entirely leased.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Quinta Capital acquired an office building in Turin from Covivio

23 December, Quinta Capital

Quinta Capital SGR completed the acquisition on behalf of Alpha Square Fund of an office building from Covivio in the dynamic Lingotto area in Turin.  The asset, which covers approximately 32,500 Sqm, develops over four floors above ground and is entirely leased long-term.

Source: Quinta Capital

Translator: Cristina Ambrosi

Kryalos acquired an office building in Milan from Covivio

03 August, Monitor Immobiliare

Through Kryalos Opportunity Fund I, Kryalos Sgr acquired from Covivio an office building covering a 4600 Sqm surface in Piazza San Pietro in Gessate, Milan city centre. The asset is mainly occupied by offices, while the ground floor accommodates shops, offering good growth potential.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

LVMH Italia to relocate in Symbiosis business district in Milan

15 July, Monitor Immobiliare

LVMH Italia signed a pre-letting agreement with Covivio, which is currently developing Symbiosis, a new business district near Prada Foundation and Scalo Porta Romana, Milan. LVMH will relocate 170 employees starting from 2022. The lease has a duration of 10 years. The building complies with the highest flexibility and sustainability standards and aims at the LEED and WELL Core certifications.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Milan: Blue Sgr acquired from Covivio an office building in CityLife for 19 mln €

14 January, Monitor Immobiliare

With an off-market operation, Blue Sgr completed the acquisition from Covivio of a LEED Gold-certified office building in Milan for 19 million €. The asset is located in Via Vittoria Colonna, in the CityLife district. It covers 5,000 Sq m and is entirely leased long-term to multiple tenants.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Kryalos acquired two office buildings in Milan from Covivio

23 December, Kryalos

Through its closed-end real estate alternative investment fund Thesaurus, Kryalos SGR completed the acquisition of two office assets from Covivio. Both buildings are located in Milan, respectively in Via Principe Amedeo and Via Scarsellini.

Source: Kryalos

Translator: Cristina Ambrosi

Coima Sgr, Covivio and Prada won the tender for Porta Romana in Milan

11 November, Coima

Coima Sgr, Covivio and Prada are the winners of the tender launched FS Sistemi Urbani Srl and Rete Ferroviaria Italiana SpA for the acquisition of the former Porta Romana rail yard in Milan for 180 million €. Covering a surface of about 190,000 Sq m, Porta Romana will host the Olympic village for the 2026 winter games. In addition, a park of 100,000 Sq m will be implemented in the area, as well as residences, offices, student halls, and services. The rail and the metro lines will connect it to the city. The development will follow a masterplan to be selected with an international tender. Once gotten all the necessary authorizations, construction will start in 2025-2026.

Source: Coima

Translator: Cristina Ambrosi

Coima, Covivio and Prada close to the acquisition of Porta Romana rail yard in Milan

07 November, Il Sole 24 Ore

The team formed by Coima, Covivio and Prada seems to be likely to adjudicate the former Porta Romana rail yard, Milan, as many other candidates had withdrawn due to the conditions of the tender, which had been deemed too strict. Coima, Covivio and Prada allegedly offered 180 million € for the area.

The area has excellent potential since it’s meant to accommodate the Olympic village for the 2026 winter games, to be converted later in student halls, apartments and offices. The development will require an investment of 30 million € for land reclamation and 75 million € for urban planning.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Covivio to invest in offices in Milan about 450 mln €

08 October, Il Sole 24 Ore

The real estate company looks positively at the real estate market despite the pandemic.

Covivio accounts for about 50% of the total office investments in Italy registered in the first nine months of 2020. The marketing of its project Symbiosis is going well, and in June 2021 Boehringer Ingelheim will relocate there its office.

In Milan only, Covivio has a managed pipeline of real estate developments equal to 475 million euro. One of the projects, named Vitae, combines real estate development and requalification for the creation of offices and research labs.

Covivio also aims at selling renovated buildings in the city centre for a value of approximately 200 million €. The last deal has been the sale of the offices in Via Cernaia to Bnp Paribas for 94.5 million €.

Finally, the developer is a candidate for the acquisition of the Porta Romana rail yard, a very strategic area since it will host the Olympic village for the 2026 winter games.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi