Closed-end alternative real estate investment fund Immobilium 2001 managed by InvestiRE SGR has sold the Arcadia Center office asset in Milan to a primary international institutional investor. Dils and BNP Paribas Real Estate Advisory have acted as advisors.
The asset, located at Via Grosio 10/4, comprises about 11,000m² and offers 250 parking spaces. It is one of the most significant real estate enhancement projects carried out in the 2018/2019 period by InvestiRE SGR, following which it was chosen for the headquarters of one of the world's leading financial services and mobility providers. The sustainability of the investment, the ambition of the architectural project and the efficiency of the marketing strategy were all fundamental elements which allowed the building to become one of the most significant examples of urban regeneration, thanks to the visionary concept which gave life back to a building from the 1970’s no longer able to satisfy occupiers’ needs.
The building was designed for the SGR by an integrated design team comprising Studio Giuseppe Tortato Architetti, F&M Ingegneria and Tekser Ingegneria, with an appealing design which makes it an urban landmark. Thanks to an innovative project rendering the spaces especially flexible, with high international space-planning standards, highly-performant plant and attention paid both to the environment and to the well-being of its users, the property has obtained the prestigious LEED GOLD certification and has won some important awards including the Honorable Mention at The Plan Awards 2019 in the Business&Office category, and the Real Estate Special Contest 2021 in the Investment and Asset Management category.
The property benefits from a strategic location in Gallaratese district and enjoys easy access by the public and private transport. The purchase price was not disclosed.
