Coima Sgr obtains €150m loan for Gioia 22 skyscraper

Italian asset manager Coima Sgr has obtained €150 mln in financing for its Gioia 22 skyscraper project in the Porta Nuova district of Milan from a group of domestic and international banks. 

The five-year loan was obtained through a pool of banks that includes BNP Paribas as mandate lead arranger and bookrunner, Crédit Agricole CIB as mandate lead arranger, bookrunner and finance agent and UBI Banca as lead arranger.

The Gioia 22 tower, which is replacing the former INPS building at via Melchiorre Gioia 22, will consist of 26 floors above ground reaching over 120 metres, plus 4 underground levels below, over a total gross area of 68,000 m2. It has been designed by architect Gregg Jones at Pelli Clarke Pelli Architects.

With 6,000 m2 of solar panels, the building's energy needs will be reduced by 75% compared to other recent, comparable projects in Milan. It will also be equipped with a heating and cooling system powered by ground water, and achieve an annual reduction in carbon dioxide emissions equal to 2,260 tonnes compared to the previous building.

Studio Chiomenti advised Coima on legal matters, while Studio Maisto advised on the financial side.

Studio Bonelli Erede provided legal assistance the banks.


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