Spiga 26, the new creative hub in which the international real estate firm Hines acts as co-investor and development manager, is set to become the Milanese headquarters of the global luxury group Kering. The new arrival at Spiga 26 confirms Hines’ ability to attract world-renowned international brands. With this agreement, the office space at Spiga 26 is fully leased.
Spiga 26 stood out as the desirable location for Kering due to its central position in one of Milan’s most iconic districts and because of its architectural and innovative design solutions, with the highest standards paid to environmental sustainability and energy efficiency. The objective of the remodelling of Palazzo Pertusati is to preserve the building’s historic value while also introducing innovative elements, turning it into Milan’s new district of sustainable creativity. Construction started in 2020, and the works will be completed in March 2022 when the building will seek to achieve the international LEED Gold certification.
The luxury group will relocate a significant proportion of its office space from Via Mecenate 91 to Spiga 26, in the heart of Milan’s fashion district, and will have exclusive use of the entrance Via Senato 19. Inside Palazzo Pertusati, the luxury group will be the sole occupier of the office space spanning a total surface area of approximately 7,000 square metres spread over seven levels. The interior space, which will be handed over in the coming months, has been completely redesigned to maximise brightness through the creation of large floor to ceiling height windows, which also guarantee the highest thermal and acoustic performance.
The building at Via della Spiga 26, in which Hines invested in a joint venture with one of the leading Dutch pension funds in 2019, via a real estate fund managed by Savills Investment Management SGR S.p.A., has undergone extensive refurbishment, which will be completed by spring 2022. It is based on a project by Scandurra Studio Architettura and SCE Project designed to enhance the asset by developing the interiors and optimising the intended use both in terms of office and retail space.
The building extends across 13,000 square metres, spread over various mixed-use levels and has an inner courtyard measuring 180 square metres. In addition to the innovative office space, the project includes 3,000 square metres of high-street retail floorspace spread across three levels, already partially assigned to the new Moschino and Sergio Rossi boutiques.
“We are proud to host such a leading global luxury group,” said Mario Abbadessa, senior managing director & country head of Hines Italy. “This agreement is particularly important to the development of Spiga 26 in terms of its positioning, project and business philosophy. We have an enduring commitment to the Italian market and to real estate projects carried out with a high attention to sustainability. For Hines, this agreement represents an important business achievement given that in just a few months from the commercial launch we have already fully leased the office space and are currently concluding the leasing of the retail space.”
Source : Company