Dils assisted the Drive Fund, managed by Castello SGR S.p.A., in the sale of the San Vigilio Uno Business Park office complex, located in Milan at via San Vigilio 1.
The complex is situated in the southern quadrant of Milan, an area that has undergone significant urban and functional evolution in recent years, now recognized as one of the city's most dynamic and attractive hubs. The context benefits from the presence of leading corporate entities, innovation-dedicated hubs and important educational and research institutions, including IULM - Free University of Languages and Communication, NABA - New Academy of Fine Arts, Bocconi University and the new campus of IEO - European Institute of Oncology. The proximity to the M2 Famagosta metro station and the main urban and metropolitan connection routes further strengthens the accessibility and strategic positioning of the asset.
Designed in 1971 by architect Gio Ponti, San Vigilio Uno consists of two main office buildings and a third mixed-use structure, for a total gross floor area of approximately 19,000 sqm. The asset represents a significant example of Milanese architecture reinterpreted in a contemporary key, capable of combining design identity, functionality and spatial flexibility. This value has been further enhanced by the comprehensive redevelopment intervention completed in 2022, carried out according to the highest quality and sustainability standards, which enabled the complex to obtain LEED Core & Shell Platinum certification.
Fully leased to a diversified mix of tenants, San Vigilio Uno combines a solid income profile with high ESG standards and excellent infrastructure accessibility, confirming itself as a prime real estate product in the Milanese office landscape.
In an office investment market that remains selective, the transaction confirms investor interest in assets located outside the CBD, supported by solid fundamentals: high real estate quality, stable and diversified leasing profile, significant ESG credentials and the ability to generate sustainable income streams over the long term.
Over the past twelve months, decentralized submarkets have indeed attracted investor interest, supported by the quality of the urban fabric, the evolution of occupier demand and growing attention towards efficient, modern and resilient properties.