Third auction for the Matrix Shop centre in Padua: 10,4 million for 12.000 sq m

Going up for auction again is the Matrix Shop shopping centre in Capriccio di Vigonza, in the province of Padua. This was announced by Gobidreal.it, a pioneer of digital auctions.

The transaction has a starting value of 10,4 million euros, while the asset extends over more than 12.000 sq m and is located in a strategic position, on the Strada statale 11 Padana Superiore, a direct route between Padua and Venice.

Matrix Shop at auction on 13 October

The auction is set for 13 October at 15, while bids may be submitted by 12 October at 12.

The base price provides for a reduction of over 30% compared with the first auction, but also a minimum bid increment of 20.000 euros.

It is worth remembering in this regard that the centre held another auction this year, on 22 January, under the aegis of the Padua Court, following the arrangement with creditors of Immobili e Servizi. The lot was valued at 16,5 million euros, but the proceedings, again conducted by the Godib group, closed for lack of bids.

All documentation relating to the commercial complex (appraisals, lease, Gse energy and Nda administrative documents) will be made available to each interested party via a data room, upon request and execution of a specific confidentiality agreement to be sent to the operator’s pec address.

The advantages of the commercial complex

Gobidreal.it also lists the advantages of the asset.

Floor areas and architecture: the commercial complex is characterised by two above-ground floors of approximately 7.600 sq m each, containing the various premises.

The ground floor houses approximately 2.200 sq m of retail space, as well as extensive areas dedicated to covered parking; the first floor is entirely given over to a shopping gallery for shops and a supermarket.

The complex is accessed via a dedicated roundabout on Via Udine, vehicle ramps, escalators and lifts.

Energy efficiency and systems: a photovoltaic system for generating electricity from solar energy is installed on the building’s flat roof; it is separately registered in the land registry and is fully owned by the proceedings.

The system benefits from the incentive tariffs provided for by the Gse Spa agreements, which are already active, and from a contract for the dedicated collection of the electricity produced; the associated rights will be transferred to the successful bidder.

Nine tenants for Centro Matrix

Transaction context: the property is currently let commercially until 18 April 2031.

That expiry effectively opens a tangible window of opportunity for enhancing the asset. At that stage, it will be possible to work on repositioning and realigning the market values of the property complex. In the meantime, it is still possible to benefit from the contribution of the photovoltaic system.

Gobit also stresses that this is “a significant transaction for the real estate and economic development of the province of Padua and the Padua–Venice metropolitan hub, which forms part of Preventive Composition with Creditors No. 39/2014 of the Padua Court. The auction is conducted through the “synchronous online sale” procedure.

Matrix’s tenant roster currently consists of 9 brands, among the best-known of which are an Interspar (by Aspiag Service) and a large department store Upim.

THE MATRIX SHOP FLOOR PLAN

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.