Beni Stabili SIIQ completes redevelopment of former Excelsior - Mignon cinema complex (IT)

Beni Stabili SIIQ, the leading Italian property company with total real estate assets of over €4.3 billion, has completed redevelopment of the former Excelsior – Mignon cinema complex after 18 months of work.

As a result, two retail units, together making up a new global shopping destination, have been delivered to the Coin group on time and on budget.

The new building, at the heart of Milan's government district and the city's cultural attractions, has been created from two former cinemas and offers two innovatively designed retail areas, whilst preserving the original features of the previous structure.

The two newly built units introduce a new concept of high street retail, enriching the retail offering of the pedestrianized shopping area between Corso Vittorio Emanuele and Piazza Beccaria and putting it on a par with the world's best-known shopping streets.

The project was carried out by Beni Stabili Development, an operating unit of the Beni Stabili Group set up in 2007 with the aim of redeveloping the Group's properties and creating new-generation buildings.

Beni Stabili SIIQ has invested approximately €20 million in the project.

Source: Beni Stabili S.p.A. SIIQ

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