COIMA buys €70m Scalo Farini railway yard site

Coima Scalo Farini_@Foto Elena Galimberti

COIMA SGR has acquired a residential-led mixed-use development within the Scalo Farini railway yard in Milan for €69.5m (£61.8m) from Kennedy Wilson’s Olimpia Investment Fund.

The Via Valtellina site is the largest of seven disused railway stations planned for regeneration in Milan. It comprises 12 buildings let to the Italian government’s custom and finance ministries with 4.5 years left to expiry.

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