COIMA SGR Awards the regenration of Pirelli 39 To Diller Scofidio + Renfro and Stefano Boeri Architetti. Connecting the Biblioteca degli Alberi park with a laboratory greenhouse to educate on environmental impact and building re-use.
COIMA SGR – the leading independent company in the asset management of real estate investment funds on behalf of institutional investors in Italy – has awarded Diller Scofidio + Renfro (DS + R) and Stefano Boeri Architetti the international architectural competition for Pirelli 39 in Milan. The competition was launched on 25 November 2019 according to guidelines shared with the Municipality in Milan. The project was presented today by Manfredi Catella (CEO COIMA SGR), Elizabeth Diller (DS + R) and Stefano Boeri (Stefano Boeri Architetti). The site was first acquired by COIMA in 2019 on behalf of the COIMA Opportunity Fund II investment fund, financed by a pool of leading Italian banks consisting of UniCredit, Intesa San Paolo, UBI Banca, and Banco BPM, following a public auction by the Municipality of Milan.
Pirelli 39 is located in the center of the Porta Nuova Gioia area in a strategic position between the Central Station and Scalo Farini and provides access to Porta Nuova from the north towards the city centre. It was decommissioned by the Municipality of Milan in March 2015, represents a significant opportunity to deliver value by upgrading the existing site, which is lacking in sustainability certifications, not compliant with anti-seismic standards, inefficient for modern use, haswith structural problems as well as pollution and environmental-urban-building degradation, and bringing it in line with the buildings in its surroundings. Its redevelopment is part of the regeneration process of the wider area that started with the redevelopment of Gioia 22 and will be completed in the coming years with the development of Pirelli 35 and Gioia 20.