Red Circle Srl, the real estate investment company of Renzo Rosso, and COIMA SGR SpA, leader in the investment, development and management of real estate assets, have reached an agreement for the redevelopment of the former industrial site of the Via Lorenzini in the Porta Romana district of Milan. This will house the headquarters of various companies of the OTB group (which includes brands such as Diesel, Maison Margiela, Marni and Jil Sander).
The complex is located in an area that will host one of the most important redevelopments in Milan in the coming years and it will be developed to be of maximum efficiency, flexibility and sustainability, integrating the criteria most innovative ESGs. COIMA SGR acquired ownership of the properties in 2019 through COIMA Opportunity Fund II, recently ranked among the best performing private equity funds in Europe according to the GRESB sustainability rating.
Baker McKenzie advised Red Circle with a team led by partner Pietro Bernasconi, consisting of senior partner Federica Longo and, for tax matters, attorney Francesco Florenzano. The transaction, led and managed for Red Circle by CEO Tania Zen, was internally coordinated by Red Circle Srl’s Chief Legal Officer Alessandro Accettulli, Real Estate Director Manlio Amorosi for OTB Group aspects and General Counsel of O.T.B. Simone Stanca.
The international law firm Gianni & Origoni assisted COIMA.
The transaction was finalized with the intervention of notaries Edmondo Todeschini and Ciro De Vivo.