Name

Immobiliareuropea

Legal name

Immobiliareuropea S.p.A.

Website

https://immobiliareuropea.it

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Rental and Leasing Services (532), Traveler Accommodation (7211)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Ultra-Luxury Villas & Estates (THAMAEAA)

akta.pro secondary industries

Private Islands & Exclusive-Use Compounds (THAMAEAF), Luxury Private Island Resorts (THAGACAL)

Keywords

• Commercial real estate development
• Shopping center development
• Property leasing services
• Mixed-use real estate
• Real estate investment

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Property Development and Sale: The company develops large commercial centers, hotels, office buildings, and residential complexes and sells completed assets to institutional investors and retail chains (e.g., sale of hypermarkets and shopping gallery wings at defined cap rates). Track record shows total sales of €921,363,000 between 1999–2016 across multiple disposed assets.
2. Property Rental and Lease Income: Immobiliareuropea retains ownership of certain completed complexes and generates recurring lease income from tenants (e.g., large retailers, smaller shop operators, office tenants). Properties such as the business center in Monza and Marina di Olbia contribute lease revenue.
3. Joint Venture Co-Development: Co-invests with major retail groups (e.g., Auchan, Ceetrus, Euromilano) in large mixed-use urban regeneration projects. The company contributes land acquisition, permitting expertise, and construction management in exchange for development fees and/or retained ownership stakes. Merlata Mall involved approximately €330M total investment by the consortium.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Immobiliareuropea is an Italian real estate development group that acquires land, develops project concepts, navigates multi-agency permitting, secures anchor tenants, and constructs large-scale commercial centers, hotels, office buildings, residential complexes, marinas, and agri-food wholesale markets across Italy. The company also retains ownership of certain completed assets, generating recurring rental and lease income from anchor retailers, hotel guests, residential buyers, and yacht owners.

Product overview

Immobiliareuropea is a real estate development group with over 30 years of experience operating in large-scale commercial centers, hotel accommodations, office buildings, and residential complexes. The company develops, constructs, and manages a diverse portfolio of properties across Italy, primarily concentrated in Sardinia and major northern Italian cities. The product portfolio includes commercial shopping centers (Merlata Mall, Cinisello HUB, Porte di Catania, and various Auchan-branded malls), luxury and family hotels (Hotel Abi d'Oru 5-star, Hotel Santa Gilla 4-star, B&B Hotels), marina and yachting services (Marina di Olbia), premium residential complexes (Il Faro-Il Molo, Le Torri, La Residenza del Sole), office buildings (Torre Uffici, Centro Direzionale Monza), mixed-use developments (Centro Polifunzionale Cagliari), industrial facilities (Centro Stampa Elmas), and agri-food markets (Mercato Agroalimentare Sestu). The group operates through subsidiaries including Cantieri Commerciali srl for construction, Rossetti Engineering srl for consulting and design, Grand Hotel Abi D'Oru srl for hospitality, and Marina di Olbia srl for nautical services.

Differentiator

Problem solved

Functional benefit

Products and services

• Merlata Mall A large shopping mall under development in Milan's Cascina Merlata area spanning 70,000 sqm of gross leasable area with over 200 shops and services, set to become the largest mall within Milan municipality boundaries.
• Cinisello HUB A major mixed-use hub development in Cinisello Balsamo featuring a multilevel commercial gallery, hypermarket, 14-screen cinema with 2,500 seats, planetarium, food court, and 35,000 sqm office space integrated with metropolitan transportation.
• Messina Shopping Center A large commercial center development in Tremestieri, Messina, featuring approximately 39,000 sqm of covered commercial surface, a modern hypermarket, and about 60 retail shops with 2,500 parking spaces.
• Porte di Catania A shopping center located near Catania airport featuring 128 shops, a large Auchan hypermarket with 9,000 sqm of sales area, extensive dining options, and 90,000 sqm of commercial surface with laminated wood roofing.
• Monza Rondò A partially underground commercial center near Monza with 29,000 sqm of leasable area, 70 clothing and accessory shops, restaurants, bars, leisure facilities, and public parks built above underground parking.
• Roma Casalbertone A commercial center in Rome's densely populated Casal Bertone neighborhood featuring an Auchan hypermarket, 60 shops, a bank branch, restaurants, and a children's play area.
• Marconi Cagliari Pirri A three-floor shopping center in Cagliari's Pirri district featuring an Auchan hypermarket, 50 shops including Brico and Trony, and 23,500 sqm of gross leasable area with 8,000 sqm net sales area.
• Auchan Olbia A shopping center built near Olbia airport featuring an Auchan hypermarket with 6,000 sqm of sales area, approximately 60 shops including Unieuro, Zara, McDonald's, and Old Wild West, with major expansion completed in 2007.
• Sassari Predda Niedda A shopping center in Sassari's Predda Niedda area featuring an Auchan hypermarket with 5,100 sqm sales area, 50 shops, a children's area, pharmacy, and fuel station, with the last expansion completed in 2017 including H&M, Bershka, and Mediaworld.
• Galleria Azuni Sassari
• Cagliari Santa Gilla A commercial center inaugurated in 1992 near Cagliari's entrance, featuring an ex-Montedison industrial building restored by architect Mario Strub, with 50 shops on two floors and 7,800 sqm of sales area.
• Hotel Abi d'Oru Porto Rotondo
• Hotel Santa Gilla
• B&B Hotels Monza
• Marina di Olbia A modern marina offering 270 berths for yachts up to 80 metres long with 5-meter draft, advanced mooring facilities, control tower, yachting club, fuel station, and technical and bureaucratic assistance, located a few nautical miles from Costa Smeralda.
• Il Faro - Il Molo Olbia
• Le Torri Cagliari S. Gilla
• La Residenza del Sole Capoterra
• Le Querce - Le Querce est Olbia An elegant residential complex in Olbia featuring elegant terraced houses with private gardens, balconies, and panoramic terraces.
• Le Piccole Querce Olbia A residential complex of 140 mini-apartments of about 31 sqm each, featuring identical units with kitchenette and windowed bathroom.
• Torre Uffici Cagliari S. Gilla An office building of over 6,000 sqm across 8 floors overlooking Santa Gilla lagoon, currently housing Sardinia Regional Labor Department offices, recently renovated with new electrical and air conditioning systems.
• Centro Direzionale Monza
• Centro Polifunzionale Cagliari S. Gilla A mixed-use complex inaugurated in 2011 in Cagliari comprising residential, commercial, multiscreen cinema, and office buildings housing companies such as Accenture and Engineering, banks, and Gruppo Unione Sarda companies, with copper-roofed buildings featuring Orosei white marble ventilated facades.
• Centro Stampa Elmas A modern printing center in Elmas inaugurated in 2002, considered among Europe's most technologically advanced, housing rotaries, photogravure and packaging systems, shipping lines, and highly qualified workers producing L'Unione Sarda, Corriere della Sera, Gazzetta dello Sport, and other publications.
• Mercato Agroalimentare Sestu A wholesale agricultural market in Sestu featuring a 40,000 sqm covered structure with 28,000 sqm for sales and storage, 12,000 sqm for trading gallery and loading operations, and 80,000 sqm for internal roads and parking, hosting 72 wholesalers serving about 1,000 customers and 800 Sardinian agricultural companies.

Quantifiable outcome

• 341,595 sqm of commercial floor area delivered across 9 shopping centers (1992–2010)
• +5 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• CeetruscoreStrategic or Co-development Partner · 1 January 2019Ceetrus is a major French real estate development and investment company specializing in shopping centers. In 2019, Ceetrus partnered with Immobiliareuropea on the Merlata Mall development (€330M investment, 100,000 sqm, 70,000 sqm GLA) and simultaneously on the Cinisello HUB project (in partnership with LSGII), positioning the consortium as one of the largest commercial real estate developers in the Milan metropolitan area.
• EuromilanocoreStrategic or Co-development Partner · 1 January 2019Euromilano is a Milan-based urban regeneration and real estate development company. As co-owner of Merlata Mall S.p.A., Euromilano partnered with Ceetrus, Immobiliareuropea, and Sal Service to develop Merlata Mall, the largest shopping center within Milan's municipal boundaries. Euromilano contributed the land and development expertise for the Cascina Merlata-Uptown urban regeneration zone.
• Sal ServicecoreStrategic or Co-development Partner · 1 January 2019Sal Service is a real estate development company that co-invested alongside Ceetrus, Euromilano, and Immobiliareuropea in the Merlata Mall S.p.A. entity, contributing to the €330M development investment for the largest shopping center within the Comune di Milano.
• LSGII – La Società Generale Immobiliare Italia S.p.A.coreStrategic or Co-development Partner · 1 January 2019LSGII is part of the General Mediterranean Holding group and a major Italian real estate investment company. Partnered with Immobiliareuropea and Ceetrus within the same urban planning framework as Cinisello HUB, developing the Milanord2 shopping center in Cinisello Balsamo. The partnership also includes an approximately 35,000 sqm business center expandable to 45,000+ sqm within the same plan.
• Comune di Cinisello BalsamocoreStrategic or Co-development Partner · 1 January 2018The municipality of Cinisello Balsamo is the public-sector partner in the Cinisello HUB public-private partnership. The city contributes land, planning approvals, and coordinated infrastructure (metro M1/M5 intersection, bus station, cycling infrastructure), while Immobiliareuropea and its private partners fund and execute the commercial and directional developments. The partnership involves approximately €70M in public works investment by the private sector.
• Regione Lombardia and Città Metropolitana di MilanominorStrategic or Co-development Partner · 1 January 2018Regional and metropolitan government bodies collaborating with Immobiliareuropea, Ceetrus, LSGII, Comune di Cinisello Balsamo, Comune di Monza, MM spa, and highway management entities on the Cinisello HUB urban regeneration project, contributing regional planning approvals and metro infrastructure coordination.
• L'Unione Sarda Group (L'Unione Sarda newspaper, Pbm concessionaria, Videolina, Radiolina)coreStrategic or Co-development Partner · 1 January 2011The largest multimedia group in Sardinia, occupying the Centro Polifunzionale Santa Gilla headquarters (inaugurated 2011) and driving the Planetarium initiative for scientific dissemination. The L'Unione Sarda Group's presence as anchor office tenant validated the project's commercial viability. The complex comprises ~44,000 sqm across 7 buildings including residential, commercial, and directional space.
• Auchan (Groupe Auchan)coreChannel Partner/ Reseller/ DistributorAuchan is the primary anchor tenant and long-standing commercial partner across Immobiliareuropea's shopping center portfolio. Auchan hypermarkets are present in 9 of the group's commercial developments (Santa Gilla Cagliari, Pirri Marconi, Predda Niedda Sassari, Olbia, Monza, Catania, Casalbertone Rome, Cinisello Balsamo, and Merlata Mall). The partnership spans over 25 years and multiple generations of shopping center developments.
• Rossetti Engineering S.r.l.coreImplementation/ SI/ Consulting PartnerA Milan-based wholly-owned subsidiary providing captive consulting and architectural design services for the group and associated companies. Specializes in navigating complex permitting procedures including town planning, environmental, landscape, and decontamination approvals for large-scale real estate transactions. Located at Via Torino 2, Milan.
• Cantieri Commerciali S.r.l.coreImplementation/ SI/ Consulting PartnerA Milan-based wholly-owned construction company focused on executing properties developed by the Group, primarily in the commercial segment. Governs the entire on-site production process from quantity surveys and cost analysis to market research for efficient solutions and work planning. Operationally managed hotel renovations (e.g., Grand Hotel Abi d'Oru). Located at Via Victor Hugo 1, Milan.
• Character (Sassari)minorGTM or Marketing PartnerA Sassari-based advertising and communication company owned by Antonello Fadda, hired to design and execute the national launch campaign for Cinisello HUB. Created a 9.5-meter cardboard metro carriage with 3D virtual reality experience, national advertising campaign (500 sqm eco-friendly printed cardboard, 40,000 brochures, 50,000 postcards, 5,000 t-shirts), and dedicated website and social media channels.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Klépierre: Europe's leading pure-play shopping center REIT with €20B+ AUM across 100+ malls in continental Europe. Comparable as a major incumbent in European shopping center ownership, leasing, and asset management, with similar anchor tenant relationships and gallery leasing economics.
• Unibail-Rodamco-Westfield: Global flagship shopping center and destination retail operator with major European flagship assets. Comparable as the dominant global incumbent in premium shopping center development, leasing, and mixed-use destination creation (akin to Merlata Mall positioning).
• Hammerson: UK and European retail real estate REIT operating premium shopping centers and retail parks across UK, Ireland, and France. Comparable as an established incumbent in European shopping center ownership and active asset management.
• Webuild (formerly Salini Impregilo): Italy's largest general contractor and infrastructure developer with significant real estate and large-scale project execution capabilities. Comparable as a major Italian construction and large-project development incumbent with overlapping capabilities in complex permitting and execution of large real estate assets.

Direct peers

• IGD - Immobiliare Grande Distribuzione SIIQ: Italy's leading listed retail real estate company (REIT/SIIQ) with a portfolio of shopping centers anchored by large retailers. Directly comparable in Italian shopping center ownership, leasing, and management; competes for similar anchor partnerships and gallery tenant relationships.
• Ceetrus: French retail real estate developer and investor (formerly Immochan) with significant Italian operations through Auchan. Direct JV partner with Immobiliareuropea on the €330M Merlata Mall and Cinisello HUB developments, making it the closest comparable in shopping center development and large-format retail real estate in Italy.
• Euromilano: Milan-based urban regeneration and real estate development company focused on the Cascina Merlata-Uptown area. Direct JV partner with Immobiliareuropea on Merlata Mall, contributing land and development expertise for one of Milan's largest mixed-use regeneration projects. Highly comparable in Milan-area commercial development.
• Beni Stabili (now Covivio): Italian commercial real estate company (formerly listed as Beni Stabili SIIQ, now integrated into Covivio after merger) focused on prime office and retail assets in Milan and Rome. Comparable as an institutional-grade Italian commercial property investor and operator with similar tenant mix including large corporate and government occupiers.
• Aedes SIIQ (now merged into Qintex): Italian real estate developer and investor (was listed as Aedes SIIQ) active in commercial and mixed-use development with a portfolio including retail centers and offices. Comparable in Italian commercial real estate development strategy and asset diversification across retail and office.

Regional players

• Costa Smeralda / Smeralda Holding: Operator of the Porto Cervo Marina and luxury hospitality/real estate in the Costa Smeralda region of Sardinia. Directly comparable as a regional Sardinian luxury hospitality and premium waterfront property operator serving high-net-worth tourism in the same Olbia/Costa Smeralda corridor.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/immobiliareuropea-s-p-a

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Immobiliareuropea