This project aims to create a Class A “Green+” and Net Zero building and is part of Ardian’s strategy to extend and materialize its vision of sustainable finance in real estate.
Ardian, one of the world leaders in private investment, announces today that it has reached an agreement for the acquisition of an office building located in Milan, from a real estate fund managed by InvestiRE Sgr SpA (Banca Finnat Group) . The transaction took place through a co-invested vehicle between Ardian and Primonial REIM France.
The building, approximately 12,300 m², has 11 floors, 9 of which are above ground; it is located at 2 via Amerigo Vespucci, in the heart of the Porta Nuova district, in Milan.
The building is essentially vacant. The Real Estate team is planning a requalification project for the whole, which includes a major investment allowing the creation of a grade A “Green+” Net Zero asset, corresponding to the highest European environmental standards, thanks to the reduction of consumption. and emissions.
“Ardian will invest heavily in the repositioning of this building with a “build-to-green” strategy,” explains Matteo Minardi, Managing Director at Ardian. “The team’s project aims to have a positive impact, in accordance with the Paris Agreements, through the reduction of CO2 emissions during the construction period but also throughout the life of the building. The Real Estate team has also launched an architectural competition and invited some of the most important international studios to breathe new life into this area of the city, thanks to the renovation of this iconic building, a pioneer in terms of sustainability and part part of the community.”
“Despite a complex geopolitical and macroeconomic context, this acquisition demonstrates that Ardian continues to invest in assets strategically located in the Italian real estate market,” continues Rodolfo Petrosino, Senior Managing Director. “The pandemic and the climate emergency have shifted demand for higher quality assets aligned with international ESG standards. These trends correspond to the ambitions of Ardian, which had implemented a strategy aimed at responding to this change in demand through the acquisition of high-performance and sustainable assets.”
