Family Office Asset Evaluation

The commercial Asset in question (used for clothing sales) is in excellent internal and external condition, with four display windows. It is located on Corso Vittorio Emanuele II, one of the main streets in the centre of Milan. It is part of a large pedestrian area where many international brand shops are located, making it one of the main shopping centres in the city. The street has a very ancient origin: in Roman times, it was the road that led northeast. Later, it was called Corsia dei Servi (17th and 18th centuries) and was the first stretch of the road that connected Piazza Duomo to the eastern gate in Milan. It was only after the unification of Italy that it took on the current name of Vittorio Emanuele II.

Along the street, there are some notable buildings, such as: Torre Tirrena, Palazzo del Toro, Magazzini Bonomi and, finally, Galleria del Corso. In just a few minutes' walk, you can reach the most important cultural places in the city: Milan Cathedral, Museum of the 20th Century, Royal Palace, La Scala Theatre, the Sanctuary of San Bernardino alle Ossa, Palazzo Morando and Casa del Manzoni. The Corso acts as a pedestrian connection between two poles of the city centre: Piazza del Duomo and Piazza San Babila. The area is served by urban public transport infrastructure, both surface and underground, such as metro stops M1 and M3 (Duomo and San Babila), several bus and tram lines. There are also numerous municipal bike-sharing stations in the area, as well as two taxi stands.

In the near future, the PGT (Territorial Government Plan) "Milano 2030"foresees a series of interventions to strengthen the Lombard capital, including:

• strengthening mobility systems (railway lines, metro, surface public transport and cycling networks);

• expanding pedestrian areas;

• plans and programs to make the city greener and more sustainable;

• expanding and re-qualifying numerous urban neighbourhoods (including peripheral areas), with regeneration of degraded building heritage.

Three of the assets under consultation are located in the Italian capital, Rome. They differ in their current use, with two commercial units and one residential unit, totalling approximately 1000 square metres. Both Commercial Assets are in average conditions in terms of their internal and external state of preservation, each with a shop window, while the Residential Asset is in excellent condition and divided into n apartments, currently managed by a B&B that offers a luxury suites service.

The aforementioned assets are all located in Rome, in the immediate vicinity of Piazza di Spagna. Historically, it is likely that the street where the assets are located follows the path of an ancient Roman road used by the inhabitants of the high villas of the Pincio to reach the city centre. 

In a few minutes' walk, one can reach the most important cultural sites of the city: the already mentioned Piazza di Spagna, Trinità dei Monti, Fontana di Trevi, Palazzo Montecitorio, Colonna di Marco Aurelio, Palazzo Borghese, Basilica di San Lorenzo in Lucina, Museo dell'Ara Pacis, Basilica di Sant'Andrea delle Fratte e la Galleria d'Arte Moderna di Roma Capitale. The area is served by both surface and underground public transportation, with several bus lines having stops adjacent to the street, and the Piazza di Spagna metro stop on Line A. Parking and bike-sharing stations are also available in the area.

In the coming years, the capital city will be redeveloped through a series of interventions in the above-mentioned area, such as: 

• restoration and redevelopment of Palazzo Raggi (dating back to the early 1700s), with work expected to be completed by 2024;

• redevelopment of the area around Piazza di Spagna with an increase in pedestrian zones;

• opening of the "Colosseo" stop on metro line C scheduled for October 2024.

The asset in question is currently a management unit of about 1600 square metres, located in the Rizzoli area of Bologna. It is in good condition, both inside and outside, following the last extraordinary conservation and restoration maintenance in 2015. The building consists of three floors, plus an additional basement floor, which contains office spaces. 

The palace was built in the fifteenth century on the ancient Via Cavaliera, by the Florentine Ludovisi family. It was then completely rebuilt in 1770 according to the design of Giandomenico Dotti, with the assistance of Raimondo Compagnini. This reconstruction, which lasted for 11 years, was carried out in neoclassical style. The Ghibelline Ludovisi coat of arms is still present on the facade. Inside the palace complex, beyond the vault that leads from the current street to a part of the ancient Jewish ghetto, one of the twenty remaining noble towers in Bologna can be found. The entrance portal to the palace is pendant with another that leads to the alleys behind, which constitute a small medieval complex with towers, vaults, and houses. As for the palace itself, it does not differ from contemporaneous ones, although its architect was Dotti: large square windows with heavy tympanums, balconies with stone balustrades, two floors with the second one being relatively low in height, very prominent cornices and signs.

In a few minutes on foot, the most important cultural sites of the city can be reached, such as: the Due Torri Garisenda e degli Asinelli, Piazza Maggiore, Fontana del Nettuno e il Museo Ebraico. Moreover, through a direct connection from inside the building, the Galleria Giovanni Acquaderni. The area is served by surface public transport with stops adjacent to the street. Additionally, there are parking lots and numerous Mobike stations for the bike-sharing service nearby.

For the coming years, the city is planning:

• the construction of a new metro-tramway infrastructure, according to the PGT; 

• the expansion of the "G. Marconi" Airport by 2030;

• the construction of the New Dynamic School Pole via Zucconi, accommodating 960 students;

• the realisation of the "Batteferro" University Residence project.