Viale Monte Rosa 93, Milano
A sizeable asset situated in the established semi-central Milan business district of Lotto / CityLife with good transport connections to two metro lines (metro line MM1 Lotto and metro line MM5 Lotto). The acquisition contemplates a short-to-medium-term value enhancement strategy including (i) lease-up of currently vacant premises and reletting of space potentially vacating over the coming years and (ii) a potential recovery of surfaces previously authorized which could increase the surfaces by up to c. 30%. Monte Rosa is composed of four buildings which were subject to intensive refurbishment works in 1997. COIMA RES acquired Monte Rosa in 2017 from TEUR, the Italian sub-holding of the Techint Group.