COIMA now controls 50,000 SQM of the district with €100 million invested to date. The acquisition was carried out through the COIMA Core Fund I fund, which has already completed the adjacent Lorenzini 4 and Ripamonti 85 acquisitions this year.Discover more
Investors more than doubled their equity invested in the last four years. Double digit stabilised dividend yield for the commercial component of the investment.Discover more
This design contest is announced on behalf of the COF II Fund by COIMA SGR S.p.A., as the owner the real estate complex located at Via Pirelli 39 in Milan.Discover more
Launch of international design competition for Pirelli 39. Shortlist of architects to build Pirelli 35 announced. More than 100 firms involved in the tender process for Porta Nuova Gioia’s new masterplan.Discover more
Watch the interviews of COIMA RES management with commentary on the 2018 financial results.Discover more
Discover our commitment of over 40 years in the Italian real estate sector.Play video
to learn about the
to learn about the company dedicated
to Investment & Asset Management
to learn about the company dedicated
to Development & Property Management
COIMA RES announces that the acquisition of Microsoft's headquarters announced on September 30th, 2019 has been finalized today. It should be noted that the acquisition of the Philips headquarters was already completed on September 30th, 2019. The purchase price of the Microsoft headquarters, located in the Porta Nuova district in Milan, reflects a value of the property of Euro 97.5 million, which corresponds to an EPRA Net Initial Yield of 4.3% (EPRA Topped-up Net Initial Yield of 4.3%).
COIMA SGR, Italy’s leading Real Estate investment, development and management company, today announced the acquisition of the 5,400 square meter1 Viale Isonzo 25 office complex for 20.9 million euros. The property is entirely leased to four tenants: Reno de Medici, AIRC - Foundation for Cancer Research, ICOM - Institute of Osteopathy, and the previous owner Margiuno, part of the Real Margi Group, which is led by Sandro Manuli. All tenants will continue to occupy their current spaces, while COIMA will invest in energy efficiency improvements for the building.
Investors more than doubled their equity invested in the last four years. Double digit stabilised dividend yield for the commercial component of the investment. The competition acknowledges the European property funds that have outperformed in their country group over the last 3 years.
Launch of international design competition for Pirelli 39. Shortlist of architects to build Pirelli 35 announced. More than 100 firms involved in the tender process for Porta Nuova Gioia’s new masterplan.
Manfredi Catella, Founder and CEO of COIMA RES, commented: “The positive results achieved in the first nine months of 2019 consolidate the quality of COIMA RES’ portfolio which further concentrates in Milan Porta Nuova, the most liquid commercial real estate segment with the greatest growth prospects in Italy. The acquisition of the Philips and Microsoft headquarters, the development of the Accenture and Bending Spoons headquarters and the reduction of the bank branches exposure to less than 10% of the overall portfolio contribute to the strengthening and to the performance of the company.”
COIMA RES announces that it has signed a preliminary agreement for the sale of a portfolio of 11 bank branches located in the North of Italy. The agreed sale price for the portfolio is Euro 23.5 million, a price substantially in line with the book value as of June 30th, 2019 (discount of 2.0%). The disposal is expected to close before June 2020.