GLOBAL real estate company Colliers, together with asset managers Praemia, have launched its Spazio Quadrilatero project at MAPIC. A development that aims to deliver a fusion of tradition and modernity in the heart of Milan’s fashion core. The project involves the renovation of a building in the historical Quadrilatero della Moda, including high-end retail spaces, upgraded office spaces with a focus on energy efficiency, premium materials and design.
“We are launching this project based on the regeneration of one of the main streets in Milan – we are in the fashion district,” Niccolo Suardi, head of high street, Italy, co-head EMEA retail, told MAPIC News. “The asset is located in the Via Bagutta which is a famous Milanese street. It is very exclusive. It is very intimate. We have ten stores – not a hundred. In Milan the streets are not so long,” he said.
Collier’s Niccolo Suardi
The property spans seven floors above ground and two underground levels, covering a total area of 3,200 sq m and delivery of the redevelopment is projected for Q4 2025 or Q1 2026 allowing 18 to 24 months of refurbishment.
“The focus will be on a mixed-use building with offices and retail. We will have approximately 1000 sq m of offices from the second floor to the top, where we have a very beautiful terrace with an overview of Milan,” Suardi said. The scheme includes more than 1000 sq m of retail over three floors – first floor, ground floor and basement.
“We can also offer F&B spaces as we have an internal courtyard over the terrace that we can use for F&B. We have another little terrace on the first floor as well,” he said.
Once a landmark for artists and intellectuals, today the area hosts some of the world’s most prestigious brands. Its connection to iconic streets including Via Monte Napoleone and Via della Spiga underscores its role as a key player in the world of haute couture.
The recent redevelopment of Piazza San Babila, which is directly connected to Via Bagutta, has brought new vitality into the area, which has also seen the opening of new commercial spaces and the transformation of the Garage Traversi by Louis Vuitton.
The scheme’s website, video teaser and brochure are launched at MAPIC and the project officially goes on the market in January next year.
