CDP Real Asset gives the green light to Ardian's bid for Caserma Mameli in Milan

CDP Real Asset gives the green light to Ardian's bid for Caserma Mameli in Milan

Short listed candidates identified for the sale of Guido Reni Caserma in Rome

These two transactions contribute to the urban revitalisation of former public buildings by partnering with qualified industrial partners
 

Promote the urban regeneration of former public buildings owned by Cassa Depositi e Prestiti by attracting qualified industrial partners willing to initiate redevelopment initiatives through two significant projects in Milan and Rome. Today, the Board of Directors of CDP Real Asset SGR has ratified Ardian's bid to purchase the former Caserma Mameli in Milan presented by Ardian, a multinational investment company with a presence in the global real estate market. At the same time, the sales process for the former Caserma Guido Reni in Rome is gaining momentum, as the shortlist of potential buyers is finalised, inviting them to submit binding offers.

Two transactions aligned with CDP Real Asset's strategy, emphasising projects designed to foster positive community impact via urban redevelopment initiatives that incorporate participation from external stakeholders. This commitment is further evidenced by these two transactions in major Italian cities, where CDP Real Asset has completed the entire administrative process for redevelopment initiatives prior to assessing market interest and identifying the operators/investors responsible for executing the development process through substantial investments.
  • Milan, former Caserma Mameli. CDP Real Asset SGR has approved the acquisition bid for the former Caserma Mameli presented by the Ardian Group. The expansive site, spanning an area of more than 10 hectares located in the north-east area of Lombardy's capital city, is at the centre of a project that will allowa conversion of structures with military functions into a modern district of approximately 90,000 square metres of commercial area, with uses that include social housing (50%), mixed use residential housing (42%), commercial spaces and tertiary functions (8%). The revitalisation project will enable a range of uses, ranging from residential properties for sale to rental accommodations, student housing and public interest amenities. The transfer of ownership is contingent on obtaining necessary approvals from the relevant authorities.
  • Procedure for the former Caserma Guido Reni in Rome. The commercialisation process for the former Caserma Guido Reni in Rome is ongoing, with CDP Real Asset receiving non-binding offers. After concluding the urban development process and starting the sale procedure, the last phase begins, ultimately resulting in receiving binding offers for the redevelopment of the properties.

The process will identify the operator that will develop the 45,000 square metres of the private section comprising mixed use residential housing, social housing, commercial and hospitality spaces and that will financially support the development of the public section, where the new Museum of Science of Rome will be constructed.

The process is expected to be completed by the third quarter of this year, and the development of the project will have a positive impact in terms of urban regeneration on the Flaminio district with spill-over effects on the entire capital.