Coima secures €137m loan for Milan real estate complex

Coima secures €137m loan for Milan real estate complex

Coima Sgr, as manager of the real estate fund Porta Nuova Bonnet, has entered into a new loan agreement with Banco BPM, Bayerische Landesbank, Crédit Agricole and ING Bank for €137 million for the refinancing of the Corso Como Place real estate complex held by the fund.

The complex, acquired in December 2016 and located in the Porta Nuova district in Milan, has undergone a complete redevelopment of building reuse involving the use of various latest generation technologies in terms of innovation and sustainability (the complex has consumption 50% lower compared to the Milanese stock), with the implementation of a smart building infrastructure and the application of international sustainability certifications such as LEED and WELL and with extensive use of renewable energy sources. 

Corso Como Place is leased to leading national and international corporations including Accenture, Bending Spoons and Mooney.

The loan was structured, with the support of ING Bank as green advisor, considering the alignment with the European taxonomy of environmentally sustainable economic activities on the basis of what was approved by the European Commission on 21 April 2021, formally adopted on 4 June 2021.

This is the third loan finalized by Coima Sgr which integrates as a characterizing factor the alignment with the European taxonomy of sustainable economic activities and this is made possible by the high planning and sustainability quality of the Company’s current portfolio.

Fulvio Di Gilio , CFO of Coima Sgr, commented: “For CoimaSgr, having finalized a further loan aligned with the European environmental taxonomy confirms the high quality of our properties, the consolidated collaboration with the main national and international banks and the resilience of the Milanese tertiary real estate market. Furthermore, Corso Como Place is an example of virtuous management and value creation through the recovery of the existing building, with the achievement of high quality standards and international certifications, and leasing to leading corporates. ”

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