Compagnia Immobiliare Azionaria

What Compagnia Immobiliare Azionaria does

Compagnia Immobiliare Azionaria S.p.A. (CIA) is a small Italian real estate and investment holding company headquartered at Via G. Borgazzi 2, Milan. It was created in December 2002 as a spin-off (scissione) from Class Editori S.p.A. with the purpose of separating real estate assets from the publishing business; the company has since operated exclusively in real estate and financial investments rather than media. Its activity is organized in two streams: (1) real estate operations covering property rental, buying and selling of real estate assets, timeshare (multiproprietà) management, and facility management services such as ordinary maintenance, structural and systems adaptation, and ancillary services; and (2) financial and equity investments, primarily in agricultural and agritourism sectors, including direct stakes in other companies and enterprises. The company is publicly incorporated as an S.p.A., served a domestic Italian market, and disclosed regulated information through the Consob-authorized 1Info system operated by Computershare.

CIA's business model is hybrid: recurring rental and facility-management fees constitute a service-like revenue stream, while agricultural/agritourism equity participations generate episodic investment returns and capital gains. The firm is extremely small — headcount of 1–10, registered share capital of €922,952.60, and Q1 2024 consolidated revenues of approximately €0.12 million — and operates with no proprietary technology platform. Pricing is not publicly disclosed and the company has no public product pricing, no app, no API, and no enterprise software component; customer acquisition is handled entirely through regulated disclosure to shareholders and direct corporate communications.

Ownership is highly concentrated: Compagnie Fonciere du Vin Srl held 49.487% of shares pre-merger, with the free float at 40.483% and Paolo Andrea Panerai (Vice President) at 10.030%. In April 2024 shareholders approved the merger of CIA into Compagnie Fonciere du Vin S.p.A., and the merger deed was registered in July 2024, ending CIA's status as an independently listed entity. Historical activity includes two U.S. investments in 2010 (one co-funded with SIMEST) and divestitures of stakes in Azienda Turistica Florio Srl (2012) and Diana Bis S.r.l. (2017); a Consob communication dated 19 June 2024 (Prot. 0061478/24) was addressed by the Board of Auditors in connection with the FY2023 financial statements and the merger closing process.

Name

Compagnia Immobiliare Azionaria

Legal name

Compagnia Immobiliare Azionaria S.p.A.

Website

https://c-i-a.it

Company type

Public

Founded year

2002

Operating status

Acquired

Headcount range

1–10 employees

Short description

Compagnia Immobiliare Azionaria S.p.A. is a Milan-based Italian real estate and investment holding company, spun off from Class Editori in 2002, offering property rental, timeshare and facility management, and equity investments in agricultural and agritourism ventures, and merged into Compagnie Fonciere du Vin S.p.A. in 2024.

Ownership category

akta.pro rank

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Real Estate Operations: Property rental, buying and selling of real estate assets, timeshare management (multiproprietà), and facility management services including ordinary maintenance, structural and systems adaptation, and ancillary services.
2. Agricultural and Agritourism Investments: Investment in movable and financial assets primarily in the agricultural and agritourism sectors, including equity participations and stakes in other companies or enterprises.

Distribution channels1 record

Marketing channels1 record

Core offering

Compagnia Immobiliare Azionaria is an Italian real estate holding company that acquires, manages, and trades properties, providing rental services, property sales, timeshare (multiproprietà) management, and facility management. The company also invests in the agricultural and agritourism sectors through its participations in operating companies in the wine and hospitality industries.

Product overview

Compagnia Immobiliare Azionaria S.p.A. operates as a traditional real estate and financial investment company. The company offers two main activity areas: (1) real estate services including property rental, sales, multiproprietà management, and facility management; and (2) mobiliar and financial investment activities focused on agricultural and agritourism sectors. The company is currently undergoing a merger process with Compagnie Fonciere du Vin S.p.A.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Rental and Sales Property rental and sales services for Italian real estate assets, provided to tenants, buyers, and corporate counterparties as part of the company's real estate portfolio management.
• Timeshare (Multiproprietà) Management Administration and management of timeshare (multiproprietà) properties in Italy, serving timeshare owners and operators requiring specialized property administration.
• Facility Management Services Facility management services for real estate assets, covering operational upkeep and property services for owners and corporate users of the company's properties.
• Agricultural and Agritourism Investments Investment participations in Italian agricultural and agritourism companies, including wine-sector holdings, providing diversified investment exposure alongside the real estate portfolio.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Class Editori S.p.A.coreStrategic or Co-development Partner · 1 December 2002Parent company spin-off origin. CIA was created in December 2002 through the spin-off (scissione) of Class Editori S.p.A.'s real estate assets, separating them from the publishing business.

Scale indicators4 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Aedes SIIQ S.p.A. Italian listed real estate company historically focused on real estate investment and asset management. Comparable as a small/mid-cap Italy-listed real estate investment entity with similar governance and shareholder dynamics.
• COIMA RES S.p.A. SIIQ: Italian listed REIT (SIIQ) focused on commercial real estate in Milan. Comparable as another small/mid-cap Italian real estate investment vehicle with property management activities.
• Brioschi Sviluppo Immobiliare S.p.A. Italian small-cap real estate development and investment company. Comparable as another thinly-traded Italian real estate holding company with property and asset-management activities.
• Compagnie Fonciere du Vin S.p.A. Italian holding vehicle that is incorporating CIA via the July 2024 merger. Directly comparable as a small Italian real estate and agricultural/agritourism investment holding company with a similar asset mix and shareholder structure.
• IGD SIIQ S.p.A. (Immobiliare Grande Distribuzione): Italian listed REIT specialising in retail and commercial real estate. Comparable as an Italy-listed SIIQ with property acquisition, management, and tenant servicing activities overlapping CIA's rental and facility management.

Others

• Class Editori S.p.A. CIA's original parent company from which it was spun off in December 2002. Relevant as the structural origin and ongoing shareholder/operational counterparty, though operating in publishing rather than real estate.

Regional players

• Gabetti Property Solutions S.p.A. Italian residential and commercial real estate brokerage and property management firm. Comparable on the property management and rental intermediation activities in Italy, though larger and more retail-oriented.
• Tecnocasa S.p.A. Italian real estate franchise group active in brokerage, property management and real estate services. Comparable on Italian real estate intermediation and management activity overlap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Compagnia Immobiliare Azionaria