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Transactions - JANUARY 6, 2023

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COIMA officially starts work on 2026 Winter Olympic Village, building permit granted

by Released

The Porta Romana real estate investment fund, managed by COIMA SGR, with Covivio, Prada Holding and the COIMA ESG City Impact fund as investors, has obtained a building permit, together with a number of other planning agreements, from the Municipality of Milan for the 2026 Winter Olympic Village. This follows an application submitted in October 2021.

The fund has also signed the main construction contract for the project with a group of companies made up of Impresa CEV SpA, Grassi e Crespi Srl and Milani Impianti Srl, which will work in collaboration with the co-developers COIMA and Covivio.

With early works and excavation already underway on site following special permission to start preparatory works ahead of the building permit being granted, this milestone means that development of this major project is four months ahead of schedule. The deadline for the Olympic Village to be handed over to the Milano Cortina Foundation is July 2025. Construction will start in earn

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