Pan-European real estate manager Aermont Capital and fund manager Kervis have teamed up on a major regeneration project in Milan worth €250 mln.
Two iconic Milanese buildings (Pirelli 10 and Innovazione 3) will be transformed into a new workplace spanning more than 50,000 m2 that will accommodate 5,000 people.
This includes 43,300 m2 of office space, 3,400 m2 of retail space, 800 m2 of multifunctional Pavilion, and 6,000 m2 of green and garden space.
The BiM project will be strategically located in the heart of the Bicocca district, an area of Milan with a strong historical identity that in recent years has attracted renewed interest from international companies and investors.
Giovanni Manfredi, managing director Aermont Capital, said: ‘We are proud to inaugurate a unique rehabilitation project of great impact in economic, social and cultural terms. In line with the principles of sustainability, inclusiveness and openness, today we are launching an ambitious project, which we are sure will be an opportunity for enrichment, exchange and enhancement with the whole city of Milan. For BiM, we have chosen to preserve and enhance, rather than rebuild, celebrating a historical and cultural heritage through a logic of circular economy aimed at the future, which aims at the well-being of people and respect for the environment. In this way we give back to the city an entire neighborhood, animated by a diverse, lively and innovative community.’
Giancarlo Patri, partner and head of fund & asset management at Kervis SGR, added: ‘The way we have envisioned BiM fully represents our approach in the valorization of offices in the post Covid era, where the search for detail, the use of technology in the service of energy efficiency and daily management, and the strong focus on the well-being of the users of the spaces allow us to create modern ecosystems, attractive to the employees of our tenants as well as connected to the neighborhood in which these properties fit.’
BiM will be an innovative, efficient and sustainable workplace, open and connected to the city, where business services and spaces dedicated to culture and sociality coexist.
MTDM - Manifattura Tabacchi Development Management will be the project manager, while Milan-based architecture firm Piuarch, which worked in synergy with landscape architect Antonio Perazzi, is signing the project.
Work on Pirelli 10 has already begun and will be completed by September 2024, while work on Innovazione 3 will begin in January 2025, concluding in March 2026.
Throughout the duration of the works, BiM's spaces will open to the public through a program of cultural activities, proposing itself as a new city district, a place of inspiration, gathering and networking.
JLL and Cushman & Wakefield will be responsible for the leasing of the offices and Dils for the retail and Pavilion areas.