Palazzo di Fuoco, one of the most famous works of the architect Giulio Minoletti, built in the late 1950s, was completely redeveloped between 2018 and 2023 based on a very ambitious project entrusted to GBPA Architects. The property spans 11 above-ground floors, occupies a total area of over 15,000 square meters for office and commercial use, and is fully leased to tenants of primary standing.
Palazzo di Fuoco, thanks to the recent renovation, meets the highest sustainability standards and has obtained the BREEAM-IN-USE Excellent certification and it aims to obtain the LEED Platinum certificate.
Palazzo di Fuoco represents one of the city's gateways, perfectly positioned between Porta Venezia, NoLo, Central Station, and Corso Buenos Aires. It also benefits from a direct connection to the two subway lines (Loreto - M1 and M2) and different surface transport options. The area is currently considered one of the main ‘Milanese’ shopping destinations and will also benefit from a significant urban regeneration project which will involve Piazzale Loreto with the goal of repositioning the square as a new hub of aggregation. It will host a mix of commercial activities, citizen services, and green spaces.
"We are extremely proud to have assisted Kryalos on this significant transaction which confirms the resilience of the Milanese real estate market and its strong fundamentals for a great start of the year in the office sector. Thanks to its high-quality standards, outstanding ESG credentials, great tenancy and strategic location Palazzo di Fuoco is the confirmation that quality is always a payback and investors are still ready to catch appealing opportunities” Carlo Vanini, Head of Capital Markets at C&W Italy commented.
