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April 22, 2022 Capital Markets, Offices

Milan: Dils accompanies InvestiRE SGR S.p.A. in sale of the Arcadia Center, an innovative and award-winning next generation asset

Dils has acted as advisors in the sale of the Arcadia Center, an office asset in Milan owned by closed-end alternative real estate investment fund Immobilium 2001 managed by InvestiRE SGR S.p.A., to a primary international institutional investor.

The Gallaratese district, in which the asset is located, is found on the axis running north-west from Corso Sempione towards Malpensa, passing through Cascina Merlata and MIND. The area is especially strategic being served by the wider public transport network (metro, railway, bus, and airport) as well as benefitting from direct access to the motorway.

The asset, in Via Grosio 10/4, has a gross area of about 11,000 sqm with 250 parking spaces and 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 deal highlights the attractiveness that last generation assets - which are attentive both to the environment and to personal well-being - exert on investors, especially when located in strategic areas of the city with a high potential for transformation and development.
Milan: Dils accompanies InvestiRE SGR S.p.A. in sale of the Arcadia Center, an innovative and award-winning next generation asset - Dils - Spain - featured

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