Viale Monza Transforms into Modern Residential Hub Through SICAF Partnership
Deal News | Jul 16, 2025 | Colliers Global Investors Ital
Colliers Global Investors Italy, in partnership with Harrison Street and Artisa Group, has announced the creation of a SICAF (fixed capital investment company) dedicated to managing a newly redeveloped residential property at Viale Monza in Milan. This venture is part of a broader strategy, initially launched in December 2023, to innovate real estate models with an emphasis on regeneration, sustainability, and high returns for investors. The 260-unit property has been transformed into a modern residential space, managed by Citypop, a pioneer in flexible living solutions in Italy. The SICAF is designed to ensure efficient operational management and is an example of how innovation and sustainability can drive value in urban developments. With this launch, Harrison Street and Artisa underscore their strategic focus on investing in sustainable residential and student housing in Italy.
Sectors
- Real Estate Development
- Investment Management
Geography
- Italy – The redevelopment project, as well as the creation of the SICAF, are based in Milan, Italy, focusing on the Italian real estate market.
Industry
- Real Estate Development – The article discusses the redevelopment and management of a residential real estate property in Milan.
- Investment Management – The creation of a SICAF, a type of investment company, indicates involvement in financial services for property management.
Financials
- $55 billion – Total assets under management by Harrison Street.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Colliers Global Investors Italy SGR | Manager of SICAF | Company | Colliers Global Investors is managing the SICAF dedicated to the property in Milan. |
| Harrison Street | Joint Venture Partner/Owner | Company | An investment management firm co-owning the SICAF and active in the redevelopment and management of the property. |
| Artisa Group | Joint Venture Partner/Owner | Company | An international real estate developer involved in the partnership for managing and redeveloping the Milan property. |
| Citypop | Operational Manager | Company | Citypop is entrusted with the operational management of the Viale Monza property. |
| Ofer Arbib | Commentator | Person | CEO of Colliers Global Investors Italy SGR, comments on the project. |
| Josh Miller | Commentator | Person | Head of Transactions Europe at Harrison Street, comments on the SICAF. |
| Alain Artioli | Commentator | Person | CEO of Artisa Group, comments on the partnership and strategy. |