Bennet Shopping Galleries acquires 36 thousand sq m in Milan. Among the tenants is the brand-new Lidl
Bennet Shopping Galleries acquires 36 thousand sq m in Milan. Among the tenants is the brand-new Lidl
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A new development for Bennet Shopping Galleries, which has acquired a property measuring 36 thousand sq m in Milan, in the eastern part of the city.
Bennet scores a hat-trick in a short time
This is the third deal completed in just a few months, following those in Mazzano (Brescia) and Parma: in June, for a total of 50 million, the same company acquired the Molinetto Shopping Centre and the gallery at Centro Eurosia, respectively.
The new, ground-to-roof property is located at number 21 Viale Corsica, a major thoroughfare in the eastern part of Milan, and extends over 6 floors.
The building is currently leased to leading national and international operators, such as Lidl Italia’s largest store in Milan (1.500 sq m), which opened in recent days in the premises of a previous Bennet-branded supermarket, which had in turn replaced an Auchan store in 2020.
Rental income of 112 million in 2026
In this way, the major player from Montano Lucino (Como) is bringing rental value to a target of 2026, 112 million, consolidating its leading position in retail real estate.
The company, controlled by BGB Holding, the group’s holding company, operates in the ownership, management, marketing and development of real estate assets intended for retail, through a separate development plan from that of its distribution subsidiary, Bennet Spa.
The portfolio currently comprises 80 diversified properties: of these, 57 comprise shopping centres, neighbourhood centres, shopping galleries and retail parks, while a further 23 consist of hypermarkets, superstores, discount stores and medium-sized non-food outlets.
The portfolio includes 1.450 wholly owned and fully let properties, with a total area of more than 820 thousand sq m of GLA and 920 thousand sq m of GLA (gross floor area).
A one-and-a-half-billion group
It should be added that, in 2024, the group as a whole generated a total economic value of 1 billion and a half euros, as stated in the latest sustainability report.
This figure is set to grow significantly, also through its real estate activities, as explained by Adriano De Zordi, CEO of BGB Holding: “This latest transaction forms part of an organic, long-term development strategy, aimed at expanding and diversifying the property portfolio by asset class, in a dynamic scenario that requires vision, adaptability and continuous innovation to identify new consumer behaviours and support the competitiveness of our tenants.”
Download the Bennet Group Sustainability Report
THE BENNET GROUP PROPERTY PORTFOLIO AND WHERE TO FIND IT: 2024
This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.
