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MADRID | NOVEMBER 2015
A New Town
1
TABLE OF CONTENTS
I
Executive Summary
4
II
Location
8
III
Project
11
IV
”
Key “ Take Aways
21
V
Appendix
23
2
I Executive Summary
3
INTRODUCTION
Milanosesto is €4 bln mixed-use project located in Sesto San
Giovanni, just 6 km from the central business district of Milan in
Northern Italy
Totalling ca. 1 mln sqm of newly constructed and renovated private
surfaces, Milanosesto is the largest development project in Italy
and one of the largest in Europe
Pritzker Price-winning Italian architect Renzo Piano has designed
the project’s master plan, which calls for approximately 700,000
sqm of green areas
4
INTRODUCTION (CONT’D)
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A WIDE ARRAY OF EXCELLENCE
Location Excellence
Project Excellence
 First metropolitan area in Italy and third in Europe
 A new town into the great Milan area
 Local income is ca. 50% higher than the rest of Italy
 Project by the globally recognized architect Renzo Piano
 Milan area successfully hosted 2015 Universal Exposition (“Expo”)
 Mixed-use development of ca. 1,000,000 sqm of private surfaces for more
 Optimal set of existing infrastructures
 Well connected to main airports and highways
than 1,400,000 sqm of land area
 A new Hospital and Centre of Medical Research with European visibility
(“Città della Salute e della Ricerca”), totally funded by Public Administration
 A “drive to destination” multifunctional shopping centre
 700,000 sqm of green areas
Investment Excellence
 Land acquired at the bottom of the Real Estate cycle from a distressed
seller
Management Excellence
 Worldwide company focused on the management of Real Estate
developments
 Long term project hedging over the business cycle
 Local roots with in-depth knowledge of the domestic market
 Solid profit multiples over 10 years with compelling financial results
 Senior management with considerable experience in Real Estate industry
 3 of the main Italian commercial banks partners in the equity
 Strong networking capabilities with public and private operators
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II Location
7
THE STRATEGIC POSITIONING WITHIN METROPOLITAN AREA OF MILAN
Distances
9 km from Milan's city centre
6 km from Milan's Central Station
4 km from Monza’s city centre
Viability
A4 Highway Turin-Venice
Northern Beltway
Eastern Beltway
3 Airports
15 minutes from Linate Airport
45 minutes from Malpensa Airport
45 minutes from Orio al Serio Airport
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URBAN CONTEXT
Subway
3 existing subway stops (on the "M1 line")
2 new subway stops within under construction (on the
"M1 line") within Sesto San Giovanni
Direct connection with the Milan’s city centre - in 20
minutes
Direct connection with Monza‘s city centre – in 10
minutes
Sesto Marelli
Railway Stations
Direct connection with Milan Central
Station - Porta Garibaldi Station – Lambrate Station
Direct connection with the municipalities of
Como-Lecco-Bergamo-Monza
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III Project
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DEVELOPMENT OF A NEW TOWN
In October 2010, Milanosesto, a company owned by Mr. Davide Bizzi together with some selected financial and
industrial partners, acquired the Ex-Falck area in Sesto San Giovanni and it took less than two years to successfully
complete the urbanistic activities needed to get all the authorizations to develop the project.
The area (ca. 1,400,000 sqm) is one of the largest Real Estate development in Europe, with ca. 1,000,000 sqm of
mixed use private surfaces.
Population density expected on the developed area will be ca. 15,000 of new inhabitants.
The master plan, arranged by Renzo Piano, foresees the development of:

ca. 8,000 flats within 2 type of residential buildings (High-rise with 30 floors and Low-rise with max 11 floors)

a “drive to destination” multifunctional shopping centre

mix of industrial, office, retail and hospitality buildings

schools and public function buildings including social and sport infrastructures

ca. 700,000 sqm of green areas with ca. 15 km of pedestrian circuits and 10,000 new trees
The project will benefit of a total investment exceeding € 300 mln already funded by Public Administration to locate in
the area a new Hospital and Centre of Medical Research representing a cutting edge hospital for knowledge and
technologies applied to medicine and a landmark for research and formation in all medical fields
The project will be developed in accordance with the most advanced energy savings and environmental sustainability
standards.
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THE RENZO PIANO’S MASTERPLAN
a new Hospital and Centre of
Medical Research with
European visibility
ca. 700,000 sqm of green
areas with ca. 15 km of
pedestrian circuits and
10,000 new trees
ca. 8,000 flats within 2 type
of residential buildings
(High-rise with 30 floors
and Low-rise with max 11
floors)
mix of industrial, office,
retail and hospitality
buildings
multifunctional shopping
centre
stadium
12
PRIVATE BUILDINGS
sqm.
sf.
Residential freehold Low - rise
451,327
4,858,083
Residential freehold High - rise
30,000
322,920
12%
Affordable housing
Affordable housing
120,331
1,295,274
12%
Office
5%
Office
73,312
Hotel
789,130
10%
Hotel
54,153
Retail
582,917
9%
Retail
Industry
100,000
1,076,426
4%
48%
Industrial
89,620
964,669
Other (restaurants, bar, services, etc.)
84,021
904,402
1,002,764
10,794,015
Total private surfaces
(Gross Floor Area)
Other
Residential freehold
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TIMING – INDICATIVE PHASING
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Soil rem. - Phase 0
Soil rem.
Construction - Phase I a
Soil rem.
Construction - Phase I b
Soil rem. Construction – Phase II
Soil rem. Construction – Phase III
Soil rem.
Construction – Phase IV
Legend
Phase 0
Phase I a
Phase II
Phase III
Phase IV
Phase I b
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SURFACES

The following chart represents the surface mix of the full project and a focus on the development of the first sub phase (“phase I a”). Phase I a will be strongly
connected with the Hospital and Centre of Medical Research, providing residential, hotel and other facilities essential for hospital visitors.
Surfaces - Fullproject
sqm
%
Surfaces - Phase Ia
sqm
%
Residentialfreehold Low - rise
451.327
45%
Residentialfreehold Low - rise
63.406
43%
Affordable housing
120.331
12%
Affordable housing
24.499
16%
100.000
10%
Hotel
23.234
16%
Industrial
89.620
9%
Offices
17.893
12%
Other functions
84.021
8%
Industrial
8.620
6%
Offices
73.312
7%
Other functions
7.832
5%
Hotel
54.153
5%
Retail
3.437
2%
30.000
3%
Residentialfreehold High - rise
-
-
1.002.763
100%
Retail
Residentialfreehold High - rise
Totalprivate surfaces
(Gross Floor Area)
Totalprivate surfaces
(Gross Floor Area)
148.921 100%
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HOSPITAL AND CENTRE OF MEDICAL RESEARCH

In July 2012 Lombardia Region decided to place the Hospital and Centre of Medical Research within Sesto San
Giovanni municipality, funded and built by Public Administration.

The Hospital and Centre of Medical Research is the result of the merger between 2 healthcare excellences in North
Italy: the “Carlo Besta” Neurological Institute and the Cancer National Institute.

The Centre will be a new 4-storey building (including 2 additional basement levels) of ca. 120,000 sqm in the middle of
a natural park, very close to underground and railway station, covering an area of more than 200,000 sqm.

The Centre will be a cutting edge hospital for knowledge and technologies applied to medicine, and a landmark for
research and formation in all medical fields.

The Hospital and Centre of Medical Research will generate a tremendous social impact:
 700 beds
 3,000 workers
 4,000 daily visitors
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MULTIFUNCTIONAL SHOPPING CENTER

One of the largest shopping centre in Italy of about 110,000 sqm of retail Gross Leasable Area (GLA) integrated within a mixed
Today
use concept comprising residential, offices and hotels exceeding 150,000 sqm of Gross Buildable Area (GBA).

Inside parking lots able to accommodate ca. 5,000 visitor cars.

Excellent location and easy access from Milan and North surroundings due to a dedicated ring road exit.

Landmark building: shopping centre to be accommodate inside Ex-Falck most famous archeological building (“T5”) with a
unique “live inside / outside” concept leveraging on the green areas and park surrounding the area.
Tomorrow
17
SPORT COMPLEX

The project provides large spaces suitable for hosting medium to large
sport structures, while offering connections, infrastructures and services.

One of the most important Italian soccer team is considering building his
flagship stadium.

It will not be only a stadium, but a recreational area where families can
spend days surrounded by green areas, shops, bars, etc.

Like a little city of sport, there will be a gym and spa with swimming pool.
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RENZO PIANO – A WORLDWIDE RECOGNIZED STAR ARCHITECT
The New York Times
Tower
New York, 2000-2007
Potsdamer Platz
Berlin, 1992-2000
Maison Hermes
Tokyo, 1998-2006
The Shard
London, 2000-2012
The Menil Collection
Houston, 1982-1986
Centre Goerges Pompidou
Paris, 1971-1977

Born in Genova in 1937, Renzo Piano graduated at Politecnico of Milan University, Italy, in 1964.

In 1971 he set up, with Richard Rogers (1), the Piano & Rogers office in London and they won the competition for the Centre Pompidou
in Paris.

He has received several awards and recognition among which: the Royal Gold Medal at the RIBA (2) in London (1989), the Kyoto Prize
in Kyoto (1990), the Praemium Imperiale in Tokyo (1995), the Pritzker Architecture Prize at the White House in Washington D.C,
(1998), the Gold Medal of Italian architecture in Milan (2003), the AIA (3) Gold Medal in Washington (2008), the Sonning Prize in
Copenaghen (2008).
1)
2)
3)
Richard George Rogers (Baron Rogers of Riverside) is an Italian-born British architect noted for his modernist and functionalist designs
RIBA stands for Royal Institute of British Architects.
American Institute of Architect, Washington, U.S.A.
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V Key ‘’Take Aways’’
20
KEY INVESTMENT HIGHLIGHTS
First metropolitan
area in Italy
Flagship
development in
Europe
Optimal
connections and
infrastructures
networks
Anchor buildings at
the hearth of the
project
Long term hedge
over the business
cycle
No authorization
risk
Leading Italian
commercial banks
involved
First class
management team
21
VI Appendix
22
MILANOSESTO ARCHEOLOGICAL BUILDINGS
1
15
9
1
8
15
Casa del Direttore
Camino fumi
2
14
12
2
11
6
3
Vittoria A reception
14
13
4
5
3
Department T3 Pagoda
9
13
7
8
Vittoria A
4
Treno laminatoio
10
12
"Bliss"
5
"Omec"
6
Kindergarden Ex
Montessori
Concordia reception
"Esedra"
7
Cabina controllo carro
merci
8
9
"Pompei" areas
10
Water tower
11
Department T5
Thermal power plant
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DISCLAIMER
The information contained herein is only intended for preliminary discussion purposes.
This presentation does not constitute an offer or solicitation in any state or other jurisdiction to any person or entity to which it is unlawful to make such offer or
solicitation in such state or jurisdiction.
The terms of the offering and the interests described herein may be modified at any time.
In considering any performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future
results and there can be no assurance that any targets and projections can be met.
This document is strictly confidential and shall not be disclosed to, or used by, any other person, reproduced, disseminated, quoted or otherwise mentioned, in whole
or in part in any form for any purpose whatsoever.
WWW.MILANOSESTO.IT
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