COIMA: Porta Nuova and Feltrinelli Porta Volta win “Best Urban Regeneration Project” and “Best Office & Business Development” at The Mipim Awards

Cannes, 15 March 2018

COIMA – a leading platform in the investment, development and management of real estate on behalf of Italian and international institutional investors – has won the MIPIM Award 2018 with two projects, Porta Nuova in the category “Best urban regeneration project” and with Feltrinelli Porta Volta in the “Best Office & Business Development” category.
COIMA is the only developer in the world to have two projects in the final.
Porta Nuova won the first place winning the competition in Berlin (with the Puhlmannhof project), Moscow (candidate with the Zarayadye Park) and Jakarta (in the final with the Kalijodo Park);
Feltrinelli Porta Volta won the award and won the London competition, with project Bloomberg European HQ, Lima, shortlisted with Real 2 and Chongqing (China), in the final with Sunac Chongqing One Central Mansion Sales Office.
Porta Nuova – managed by COIMA as its asset and property manager and developed by COIMA and Hines – sees the sovereign fund of Qatar (QIA, Qatar Investment Authority) as the project’s sole investor. Through the consolidation of the three neighborhoods Garibaldi, Varesine and Isola, and thanks to the vision of more than 20 architects of 8 different nationalities who took part in the project – (Cesar Pelli, Kohn Pedersen Fox Associates, Boeri Studio, Cucinella, Arquitectonica, Paolo Caputo, M2P Associati, Antonio Citterio, Patricia Viel and Partners, Michele De Lucchi, Muñoz + Albin, Petra Blaisse, Andreas Kipar, Lucien Lagrange, Piuarch) – Porta Nuova has been able to rennovate a former railway yard of over 290,000 square meters in Milan, which was out of use for decades, into 17 LEED GOLD certified buildings, thus creating a unique real estate portfolio in Italy.
Porta Nuova represents the new Central Business District of Milan with its spaces leased to leading companies in finance, IT, fashion, insurance and consulting (with brands such as Accenture, Amazon, Axa, Bank of New York Mellon, BNP Paribas, Celgene, China Construction Bank, Google, HSBC, Nike, Samsung, UniCredit) which over the last five years makes up for 18% of Milan’s commercial leases.
Feltrinelli Porta Volta – developed by COIMA which is also its asset and property manager – is the first public Italian building signed by Herzog & de Meuron and the new headquarters of the Giangiacomo Feltrinelli Foundation and Microsoft House.
It is an inclusive space accessible to all, designed to promote dynamic participation in an ongoing dialogue with the city and the international context. This new house is the heart of an innovative research effort that aims to investigate and understand the most pressing issues facing contemporary society, with the results of the research being returned to the city of Milan within a dynamic hybridization of languages and processes. Microsoft Italia – together with DEGW, a Lombardini22 Group brand dedicated to the integrated work environment designs – has made its new house into a hub open to companies, students, and citizens, under a banner of innovation and culture. With a mixture of interiors that are 100% made in Italy where new ways of meeting and working merge with the values of openness, flexibility, energy and technology.
The structure is a space for citizens, where participation has the power to open a multidisciplinary window on the transformation underway.
This work has not only provided Milan with a significant intervention that increased the value of Porta Nuova, but it has also created an architectural and civic project in the heart of Lombardy’s capital, which became a hub of social development. The new LEED Gold certified buildings – inspired by the long and linear lines of the typical cottages of the Lombardy countryside and the imposing scale of Milanese architecture – are situated at the centre of an external walkway and a public park, a few steps from a capillary network of services and infrastructures.
Manfredi Catella, CEO of COIMA SGR, declares: "We are very satisfied with this double victory which on the one hand represents the strong appeal of our city to the most important international investors, on the other it further emphasises the value of the Porta Nuova and Porta Volta projects, which have succeeded in changing the face of the centre of Milan. The double prize also represents an important recognition for our team and for Italy, affirming the country's ability to execute projects of excellence which contribute to our international competitivene edge". "Porta Nuova – added Catella – is a project of cultural change and has the ability to group together public and private, Italian and international entrepreneurs, institutional investors and banks, and many professionals, all of which have collaborated with the passion to reestablish an Italian leadership in the quality of architecture and landscape transformation".
"The headquarters of the Giangiacomo Feltrinelli Foundation and Microsoft Italy – Manfredi Catella concludes – is a cultural project and innovation in the transformation of the urban landscape, pioneered by the virtuous collaboration between the Feltrinelli group and COIMA, and contributing to the affirmation of a model of thought and work, and subsequently leading to Milan’s worldwide success".
The jury – chaired by Meka Brunel, CEO of Gecina – assessed over 220 applications from 55 countries and selected four finalist projects in eleven different categories. The COIMA project has been chosen by both a technical jury – whose vote counted for 50% – and the remaining 50% were made up of the MIPIM participants, an event that annually brings together the most influential leaders of the real estate market in Cannes.
COIMA is a leading platform for investment in development and management of real estate assets on behalf of international and domestic institutional investors. COIMA SGR, an investment & asset management company, manages 21 real estate investment funds totalling over 5 billion euros of investment and holds more than 150 properties in its portfolio, including 24 LEED Gold and Platinum certified properties. COIMA Srl, a development and property management company, during its 40-year existence has developed and managed real estate totalling more than 5 million sq. meters. One of the most important projects the platform has co-invested in, co-developed and still manages, is the Porta Nuova project in Milan, one of the most prestigious urban regeneration plans in Europe.

THE PRELIOS GROUP: Fico Eataly World wins at the 2018 MIPIM Awards

Cannes, 15 March 2018

The FICO Eataly World project, funded by Prelios SGR through Fondo PAI – Parchi Agroalimentari Italiani (the PAI Fund – Italian Agri-food Parks), and managed by Eataly World, has been declared one of the winners at the 2018 MIPIM Awards, the “Oscars” of the real estate sector founded in 1991. The awards are given out every year by MIPIM, the biggest international Real Estate exhibition, that ended 16 March, in Cannes.
Sponsored by CAAB, Eatalyworld and Prelios SGR, with involvement from the leading Italian institutional investors, FICO Eataly World in Bologna is the largest agri-food park in the world, sprawling over 10 hectares and housing the wonders of Italian biodiversity. FICO became a reality thanks also to the contribution of Prelios Integra – also part of the Prelios Group – responsible for the project management of the entire park, which opened in November 2017, as well as the subsequent development stages. 
FICO Eataly World won the Best Shopping Centre category of the MIPIM Awards, fending off its competition, namely the Rive Gauche project in Charleroi (Belgium), the Suzhou Center in Suzhou (China), and Tokyu Plaza Ginza in Tokyo (Japan). This category in which FICO won the prestigious award honours the best shopping centres, retail parks and outlet stores that are capable of offering a unique experience thanks to the latest technologies, the very best services, and cutting-edge architectural features.
Opened to the public on 15 November last year, in its first five months FICO Eataly World had already seen more than one million visitors from Italy and further afield pass through its gates. The park is a one-of-a-kind attraction on a global scale: the New York Times listed FICO and the Emilia-Romagna region among the 52 places to go around the world in 2018.
“FICO has been honoured with an exceptional award, one of the most prestigious in our sector in the entire world,” said Riccardo Serrini, General Manager of the Prelios Group. “The MIPIM Award that we have won today first and foremost recognises the determination of the minds behind the creation of the FICO project, and has recognised the Prelios Group’s role as a partner in this incredible endeavour. It is also an accolade that can be the pride of Italy and everyone who helped bring FICO Eataly World to life, as well as those who work day in, day out, to ensure its success.”
“It is an honour to accept this prestigious international award,” said Andrea Cornetti, General Manager of Prelios SGR, collecting the MIPIM Award in the Grand Auditorium of the Palais des Festivals in Cannes. “We share this award with everyone who believed in this project from the outset, from the public sector to the private sector made up of a large number of investors. I would therefore like to thank all the stakeholders who took part and made this wonderful project a reality.”

Investment trends in the indirect Real Estate sector in 2018
Assoimmobiliare – INREV Seminar

Milan, 18 April 2018

The GOP conference hall in Milan will host the Seminar promoted by Assoimmobiliare and INREV entitled “Investment trends in the indirect real estate sector in 2018”.
The event will present the results of the INREV Investment Intentions Survey 2018. There will be a special focus on the most recent trends and prospects in the indirect real estate sector and will be analysed the issues related to the allocation of investments in indirect vehicles used by investors, and the response on the part of fund managers to the changes under way as well. The Seminar will also be an opportunity to analyse the investment preferences of institutional investors on the international markets by type of risk, region and sector with a particular focus on the European markets.

INREV – Investment Intentions Survey 2018

RE/I Meeting: Celebration in the Italian Real Estate Community – Mipim Awards 2018

Milan, 5 April 2018

The event, promoted by Assoimmobiliare and with the patronage of the Office of the Prime Minister as part of the Re/I Meeting initiatives, celebrates Italy's victory at the MIPIM Awards of COIMA in the "Best Urban Regeneration Project" category with Porta Nuova and in the "Best Office and Business Development” category" with Feltrinelli Foundation & Microsoft House, and of PRELIOS in the "Best Shopping Center" category with FICO Eataly World.

The event – which attended by the representatives of institutions, managers and members of Assoimmobiliare – is an opportunity to shine the spotlight on the value and role of Italian real estate in continuing to promote urban regeneration inspired by the best international practices.

Focus on winning projects
Speakers' comments



MIPIM AWARDS 2018: Italian companies Coima e Prelios, members of Assoimmobiliare, win three Awards

Italy attended in great numbers, with numerous initiatives by Assoimmobiliare members and sealed with a triple victory, at the MIPIM Awards, for Coima in the “Best Urban Regeneration Project” category with Porta Nuova and “Best Office & Business Development” category with Feltrinelli Foundation & Microsoft House, and for Prelios in the “Best Shopping center” category with FICO Eataly Word, which, together with Assoimmobiliare gave birth to a winning team, able to shine the spotlight on the excellence of our Real Estate.
Manfredi Catella, CEO of COIMA, stated: ”On behalf of all of us at Coima, we would like to express our thanks for the support which Assoimmobiliare, the members and our sector have given us, helping obtain this acknowledgement at the MIPIM Awards. It is an important result above all for Italy, and for our sector which can boast many people able to build numerous future success stories. I sincerely hope that this result is greeted as a team result and that it goes to fuel a shared pride in working together as Italians and for our cities. Thank you”.

Riccardo Serrini, General Manager of PRELIOS, stated: “I would like to express and share with you the happiness and enthusiasm of all the PRELIOS group for FICO’s win as ‘best shopping centre’ at the MIPIM Awards. It is an all-Italian victory, together with Porta Nuova and Feltrinelli Foundation & Microsoft House, which shows how, with the support of Assoimmobiliare, we can succeed in adopting a systematic approach and creating a winning team at an international level. A sincere thank you from all of us”.
Bologna, Italy
Developer: Prelios SGR – Pai Fund
Architect: Thomas Bartoli
Porta Nuova
Milan, Italy
Asset Manager: COIMA
Developer: COIMA, HINES
Architects: Pelli Clarke Pelli Architects, Kohn Pedersen Fox Associates, Boeri Studio and 20 design architects from 8 different countries selected through design competitions: Inside Outside, Land, Lucien Lagrange, Munoz&Albin, Piuarch, Studio MP2 Associati, William Mc Donough, COIMA Image, Gehl Architects, Antonio Citterio Patricia Viel & Partners, Arquitectonica, Caputo Partnership, Cino Zucchi Architetti, De Lucchi, MCArchitects, Edaw  
Feltrinelli Foundation & Microsoft House
Milan, Italy
Developer: COIMA
Architect: Herzog & de Meuron
Interior Design & Space Planning: Herzog & de Meuron with COIMA Image for Fondazione Giangiacomo Feltrinelli, DEGW for Microsoft House 
The Maersk Tower
Copenhagen, Denmark
Developer: The Danish University and Property Agency (BYGST) and the University of Copenhagen
Architect: C.F. Møller Architects
Other: SLA (landscape), Rambøll (Engineer), P & Partners (Client Consultant), aggebo&henriksen, Cenergia, Gordon Farquharson and Innovation Lab   
Catholic-Social Institute Michaelsberg Abbey
Siegburg, Germany
Developer: Archdiocese of Cologne
Architect: meyerschmitzmorkramer 
The Chapelle International logistics centre
Paris, France
Developer: SCI Sogaris Paris Les Espaces Logistiques Urbains
Architect: A.26 Architectures
Other: Ports de Paris, Caisse des Dépôts et Consignations, Eurorail 
Marina One, Singapore
Developer: M+S Pte Ltd, Singapore, a company owned by Khazanah Nasional Berhad, Kuala Lumpur, Malaysia and Temasek Holdings, Singapore
Architects: ingenhoven architects / ingenhoven LLP, Singapore (Design architect)
Other: Gustafson Porter+ Bowman London (Landscape Architect), Architects61 Singapore (Project Architect)   
Antwerp Port House
Antwerp, Belgium
Architect: Zaha Hadid Architects
Occupier: Antwerp Port Authority
Other: Bureau Bouwtechniek, Mouton, Ingenium, Interbuild, VBSC, Groven+
Îlot Sacré
Brussels, Belgium
Developer: Galika Human Estate
Architect: DDS+
Other: Valens (General Contractor), SGI Consulting (Structural Engineer), EMS Yvan Beaufays (M&E Engineer)
National Museum of Qatar
Doha, Qatar
Developer: Qatar Museums
Architect: Jean Nouvel
Project Management Consultant: ASTAD   
Mui Dinh Ecopark
Mui Dinh, Vietnam
Developer: Cap Padaran Mui Dinh Ecopark
Architect: Chapman Taylor
Other: VO GIA Architects
Catholic-Social Institute Michaelsberg Abbey
Siegburg, Germany
Developer: Archdiocese of Cologne
Architect: meyerschmitzmorkramer

Assoimmobiliare presents in Cannes Vademecum “Investment and financing instruments for the Italian Real Estate sector”

15 March 2018

In occasion of MIPIM 2018, Assoimmobiliare has presented the newly published Vademecum ‘Investment and financing instruments for the Italian Real Estate sector’ – by Roberto Fraticelli and Luca Lucaroni for technical coordination, various specialists in the field and the supervision of the General Manager Paolo Crisafi.

With this instrument Assoimmobiliare intends to tackle the main questions on regulations and taxation of investment and financing instruments in Italy’s Real Estate industry. This Vademecum has the main goal of increasing interest in our country. It is a point of reference for those who want to take an active part in Real Estate (such as lenders, lawmakers, investors, brokers, leaseholders, and consultants). It provides clarification and instruction on the most important topics in this field.

The book, now at its fourth edition, was expanded this year with the introduction of a new section dedicated to financing instruments in the Italian Real Estate sector, as well as a specific part dedicated to the methods of buying and selling Real Estate assets. The need to expand our focus stemmed from an awareness of the strong connection between the choice of vehicle and types of financing sources available. Moreover, the need to choose efficient and secure means for transferring asset ownership is an increasingly crucial factor in the evaluation of investment projects.

The purpose of the book is twofold. On one hand, it is meant to help foreign (and Italian) investors navigate more easily through the “sea of regulations” governing the world of Real Estate, by illustrating all possible options in a clear, detailed, and comparative manner. On the other hand, it is meant to draw Italian lawmakers’ attention to those areas where legislative action could be taken to improve regulations and make our country more competitive. This means simplifying and standardizing bureaucratic processes, clarifying grey areas, answering questions left open to interpretation, and correcting contradictions present within the current legislation – all in order to increase transparency, competition, professionalism, and efficiency in the world of Real Estate.

Excerpt of the Vademecum "Investment and financing instruments for the italian Real Estate sector"

Assoimmobiliare and Ance establish the Real Estate Council

Cannes, 14 March 2018

At the 2018 edition of the MIPIM, occurred the Italian Lunch Networking Investors, organised by ICE and promoted by officers of Ance  – Gabriele Buia, President, Filippo Delle Piane and Marco Dettori, Vice-Presidents – and of Assoimmobiliare – Silvia M. Rovere, President, Aldo Mazzocco, Past President, Paolo Crisafi, General Manager and Matteo Cabassi, Vice-President.
During the meeting, the Presidents of Ance and Assoimmobiliare announced the constitution of the Real Estate Council for joint discussion of common issues.
“Establishing the Real Estate Council, the two major representatives of the real estate and construction industries intend to undertake stable discussions on the strategic topics for the development of the industry and to strengthen dialogue with the institutions – the President of Assoimmobiliare, Silvia M. Rovere said – to favour a firm recovery of the sectors that mostly contribute to GDP increase throughout the country.  In particular, the strategic issues of common interest for the two Associations are urban regeneration, bureaucracy efficiency and simplification, legal certainty and justice efficiency, real estate taxation and environmental and social sustainability".
In the photo above, from left: Gabriele Buia – President of Ance, Filippo Delle Piane – Vice-President of Ance, Aldo Mazzocco – Past President of Assoimmobilare, Marco Dettori – Vice-President of Ance, Matteo Cabassi – Vice-President of Assoimmobiliare.

MIPIM 2018 Assoimmobiliare: investing in quality products Greater interest in Italy

The 2018 edition of the MIPIM, the international real estate fair under way in Cannes, was attended by Assoimmobiliare as well as ten Regions: Friuli Venezia Giulia, Lazio, Liguria, Marche, Piedmont, Puglia, Sicily, Tuscany, Trentino, Veneto. Other organisations included the Public Property Agency, Cassa Depositi e Prestiti, Difesa Servizi, Railway Urban Systems, Invimit and the category associations ANCE and AICA. Others included the Bologna Metropolitan Area and a space dedicated to the City of Milan and Lombardy Region.
After the inauguration of the initiative, interviews were conducted with Filippo Rean, Head of the Real Estate Division MIPIM and Paolo Crisafi, Director General of Assoimmobiliare.
Filippo Rean observed: “The Italian participation at MIPIM is one of the most important ones and is based on three components: the major institutions, with the ICE from the Ministry for Economic Development and a number of local authorities, private enterprises, and the associations, especially ANCE and Assoimmobiliare. The participation involves several exhibition areas, such as the Italian Pavilion, the focus of the Italian delegation, and a rich programme of conferences dedicated to the Italian market”.
Paolo Crisafi, Director General of Assoimmobilare, said: “Real estate is one of the few sectors bringing together, through a positive process, the recovery of the economy and the raising of standards in terms of the quality of life: it is vital for recovery to be supported.”
From this point of view, the MIPIM, with the occasions provided for contacts among international operators, and highlighting the opportunities in Italy, is a think-tank and platform of great importance. Therefore, Assoimmobiliare and ICE have come back this year, with the aim of involving the institutions in order to drive the economic recovery through real estate. We are proud of the fact that various Italian projects are in the finals for the MIPIM Awards (FICO Eataly world for Best shopping centre, NOI Techpark for Best refurbished building, Feltrinelli Foundation & Microsoft House for Best office & business development, Porta Nuova for best urban regeneration project, Xiantao Big Data Valley for best future mega project) and recalled that Italian real estate is able to compete with major international markets.
Crisafi continued: “There is a new willingness to invest in our country, and Italian territory is being considered by international investors with growing interest. To sustain this positive trend, Assoimmobiliare continues to try to convince the political parties to enact long term strategies and not one-off measures. In particular, measures for simplification are required in town planning to ensure certain timeframes and in line with the most efficient European countries, as well as regulatory improvements for real estate financial instruments, without which it is impossible to attract the capital necessary for implementing projects with interesting dimensions.
In any case, our cities have to be improved, often with respect to infrastructures and transport. Our buildings require maintenance to ensure safety standards in seismic areas and, in general, to reduce energy consumption and the related emissions; these improvements would produce significant impact in terms of the quality of life.”

Assoimmobiliare participates in the MCE – Mobility Conference Exhibition

Rome, 13 March 2018

The Mobility Conference Exhibition 2018, took place on 13 March in Milan, with the participation of the President of Assolombarda, Carlo Bonomi and the President of Assoimmobiliare, Silvia M. Rovere.

The event focuses on the proposals of the entrepreneurial system to improve mobility services for people living in the Milan area, with special reference to air, rail, and public local transport.

The relative framework involves comparison with international best practices. The aim is to provide an useful contribution to the definition and implementation of public policies for mobility and to secure specific commitments by policy makers in this sector.