The existing IBM site built out in numerous phases starting in the 1963 that was adapted into a Class A office facility.

After meeting the local team in Milan to review the design and budget, I thought there was an opportunity to do more with the facility. Rather than renovate, we could turn the existing buildings into Class A offices by gut-renovating three existing ones that we were able to extract from the existing arrangement of buildings and creating two new ones to form a campus in a well-located area with demand. Having a metro stop on the corner made it that much more viable. Upon obtaining the agreement of the Scorpio managing partner, we delivered the project for less than the original budget.
All five buildings were fully leased within one year of completion. Scorpio Ltd./FMP sold the property four years later for twice the cost to build it: €68.8 million.



