This is the most important single transaction in the Group’s history in Milan: the acquisition of the property at Viale Gian Galeazzo 3 will breathe new life into a large area with residences, aparthotels and retail spaces. Banco BPM has granted a loan of approximately €32 million to support the transaction.
The Building Group, which has specialised in high-end real estate development and redevelopment for over 40 years, has completed the most important single transaction in its history in Milan. With an investment of €33 million, the company has acquired the property complex at Viale Gian Galeazzo 3, in the heart of the Parco delle Basiliche area, consolidating its presence in the Lombard capital.
With potential revenues of €80 million, Banco BPM has granted a loan of approximately €32 million to support the Building Group’s investment, while an additional €15 million has been raised through a Club Deal with private investors. The sale of the property was handled by Trading System Real Estate.
The project involves a complete renovation of the building, without any changes to its volume or surface area, with the aim of restoring a completely renovated residential and commercial space to the centre of Milan. The architectural design will be by Boffa Petrone & Partners, part of the Group, while construction is scheduled to begin in September 2025, with completion expected in the first half of 2027.
With this new operation, the Building Group confirms a real estate portfolio under development for the next three years with a total value of €330 million, mainly divided between Turin, Milan, Forte dei Marmi, the French Riviera and Liguria.
The Building Group’s solidity and ability to generate value are confirmed by the consistent and robust performance of its recently completed transactions. In Milan, the Gate Central residential development, located opposite the Colonne di San Lorenzo, generated a ROI of 41% over a holding period of 33 months, liquidating capital of €6,572,000. Also in the Lombard capital, Forrest in Town, an innovative redevelopment of the former Cascina Galbani, achieved a 41% ROI in 41 months, with €9,560,000 in capital liquidated. Similar results were also achieved in Turin, where the Uptown Torino urban regeneration project produced a final ROI of 41% in 41 months, with a liquidated capital of €6,572,000.
