EUROMILANO, IMMOBILIAREUROPEA, CEETRUS AND SAL SERVICE GIVE EXECUTION TO THE SALE OF MERLATA MALL
Yesterday afternoon, Euromilano on one hand, Ceetrus, ImmobiliarEuropea and Sal Service on the other hand, closed the deal for the sale of Merlata Mall S.p.A., owner of the area interested by the Cascina Merlata-Uptown development plan.
The shopping centre, already under construction and scheduled to open by the end of 2021, will be the largest mall ever built within the boundaries of the Municipality of Milan. The masterplan of Merlata Mall is worth an investment of around 330 million euros for a total of 100.000 square meters, of which about 70.000 are leasable area. Merlata Mall will employ over 1.000 people and set up of more than 160 stores, a wide food court, leisure and entertainment enterprises, including a multiplex movie theatre and a public square. More than 3,500 roofed parking spaces are also planned.
The shopping centre crowns the 30-hectare public park in the Uptown-Cascina Merlata area, being the north-west entrance to Milan and serving as a link between the new scientific-technological, research and business centre of MIND-EXPO, Fiera di Milano, and the smart district named Uptown, one of the newest and most successful residential projects in Milan.
Moreover, Merlata Mall (shopping and leisure) along with Uptown (residential) and MIND-EXPO (business, research, healthcare) are forming together a new district which will be the powerful engine for the development of the city, creating a focus area around which about 100.000 people will gravitate daily, driven by different motivations: study, health, work, research and leisure.
Merlata Mall is not the very first major commercial intervention carried out by ImmobiliarEuropea and its partners in the metropolitan area of Milan: in fact, in Cinisello Balsamo, Milanord2 shopping centre is under construction within the same urban plan (the project is the result of a partnership with LSGII- La Società Generale Immobiliare Italia S.p.A. and Ceetrus), bringing to the community an important business centre of 35.000 square meters that can be extended to over 45.000 square meters of gross floor area.
The legal advisors to the Merlata Mall deal were Studio Lombardi on behalf of Euromilano and Studio Giovannelli & Associati on behalf of ImmobiliarEuropea, Ceetrus and Sal Service.