Italian Residential Sector
SeiMilano
Project Overview
Residential Units
Type of return:
Opportunistic
Greenfield development of over 1.000 residential units, 30.000 sqm office building, 10.000 sqm retail space and ancillary services.
The urban regeneration will provide the largest public park in Milan, with 160.000 sqm 2018/Completion 1Q2023. Everything was sold off plan before completion.
YEARS
2017 / 2020
DISCOVER the PROJECTS
SeiMilano
Milano
sqm
Gross Leasable Area
units
Number of Units
mln
Total GAV
Approximately 500 residential units were sold off-plan, while the land to develop another 500 units was acquired by Invesco to create their first PRS scheme in Italy. The office component was sold to Orion.
Total surface area of intervention: 332,740 sqm
GLA: 123,585 sqm of which:
Residential free 44,542 sqm
Residential by convention 44,543 sqmOffice 26,500 sqmRetail 8,000 sqmNew Park total surface: 166,625 sqm
Project start date: Q2 2020
Development end: Q4 2022
Total GAV: €500mln+
seimilano.com
