COIMA, Covivio and Prada Holding have chosen to invest in the regeneration of the Scalo di Porta Romana. United by their strong bond with the city of Milan, in its historical memory as well as in its future harmonious growth, they will facilitate a redevelopment operation that will allow for the recovery and redevelopment of a disused area. This project is inspired by the principles of sustainability and quality, on a par with the best urban projects in Europe.
The commitment of COIMA, Covivio and Prada Holding confirms all three operators’ same desire to reconnect the historical heart of the city to the surrounding neighbourhoods to the south of the Scalo di Porta Romana – where the three enterprises have been present for some time – with residential, commercial and cultural buildings through a project of the highest aesthetic, functional and social quality.
THE COMMITMENT OF THE PORTA ROMANA FUND EXPLAINED BY LUCA MANGIA,
FUND & ASSET MANAGEMENT DIRECTOR COIMA
COIMA is a specialist in the investment, development and management of Italian real estate assets, focused on delivering an ESG impact. COIMA Holding controls a range of operating companies including COIMA SGR, an investment & asset management firm which manages 33 real estate investment funds with more than €10 billion in investments; COIMA REM, a development and property management company which has dedicated over 40 years developing and managing properties which now spans a total of over 5 million square metres; and COIMA HT which aims to enable the digitalization of physical spaces.
Among the most important projects in which the platform has co-invested, co-developed and still manages today, is the Porta Nuova project in Milan, first district in the world to obtain the double LEED® and WELL® for Community sustainability certifications.
With € 26 billion in assets under management, Covivio is one of the leading real estate companies in Europe. Listed on Euronext Paris, it employs more than 1,000 people and is active in the office, residential and hotel segments.
Covivio's mission, summarised in the claim 'Build sustainable relationships and wellbeing', places people at the centre of its business strategy, and confirms the Group's willingness to make concrete and ambitious commitments to all its stakeholders. Thanks to its consolidated real estate expertise, long-standing partnerships with its customers and a strong European outlook, Covivio contributes to the design of the cities of the future, through the development of new inclusive, sustainable and safe living spaces. In Milan, where more than 95% of the Group's Italian office portfolio is concentrated, Covivio is one of the main players in urban transformation. Its current projects include the regeneration of the Scalo di Porta Romana, and the Symbiosis and The Sign business districts, as well as the redevelopment of its existing portfolio to bring it up to the latest standards in terms of flexibility and efficiency.
Prada Holding S.p.A. manages industrial and real estate holdings and owns 80 per cent of Prada S.p.A., which controls the Prada Group and its prestigious luxury brands: Prada, Miu Miu, Church’s, Car Shoe, Marchesi 1824 and Luna Rossa. Prada Holding is controlled by Patrizio Bertelli and Miuccia Prada, who are also Chairmen of Fondazione Prada, which stood out on the international cultural scene since 1993.
