French private capital group Ardian has acquired a residential property located in Milan, Italy, at Via Giuseppe Revere 3, in the Corso Magenta area. The building will undergo sustainable and technological redevelopment, adhering to high market standards, as reported by bebeez.
The acquisition was made through Ardian Real Estate European Fund II (AREEF II), which will become a shareholder in the new fund AREEF 2 – Rêve, created specifically for this real estate project and managed by InvestiRE sgr.
The property, a sky-rise building dating back to 1898, will be transformed into a highly energy-efficient Class A building, using renewable sources like geothermal energy and energy-saving lighting, managed by automated systems. The project aims to preserve historical architectural features while offering luxury modern residences with exclusive terraces overlooking Parco Sempione.