Futuro Agrate Ltd

Legal name

Futuro Agrate Ltd

Jurisdiction of incorporation

England and Wales, United Kingdom

Registered office

85 Great Portland Street, London W1W 7LT, United Kingdom

Field of activity

Land assembly, urban planning and land development

Area of operation

Agrate Conturbia, Province of Novara, Piedmont, Italy

Role in the project

Parent company and master developer

The company operates across two jurisdictions by design: the corporate seat, capital structuring and reporting are held in the United Kingdom, while the land, the planning process and the delivery organisation are located in Italy. Italian assets are held through Italian companies; the United Kingdom entity holds the equity in those companies rather than the land itself.

The territory around Agrate Conturbia is characterised by fragmented land ownership. Individual parcels are too small, too dispersed and too heterogeneous in planning status to support a coherent development programme, and they are rarely transactable by institutional buyers in their original form.

Futuro Agrate Ltd was formed to resolve that fragmentation. Its function is to consolidate a contiguous perimeter under a single ownership structure, to advance that perimeter through the Italian planning process, and to hand a coherent, permitted and buildable land position to the parties that construct on it. The company is a land developer, not a construction contractor.

The company states its purpose as three sequential activities: it develops land, it creates the conditions for a future settlement, and it manages the value produced by that process on behalf of the parties that finance it.

• Assembly. Acquire and consolidate contiguous parcels into a single controlled development area.
• Planning. Advance the area through municipal, provincial and regional planning instruments, converting land into defined and documented building rights.
• Structuring. Hold the assets in a transparent corporate structure that can be examined, audited and transferred.
• Transfer. Deliver permitted, serviced land to vertical developers and operators who build and operate the individual components.

The company's activity began with the identification of a large, contiguous and undeveloped land position in the municipality of Agrate Conturbia, adjacent to established infrastructure and within reach of Milan Malpensa and Lake Maggiore. Work then proceeded in stages: verification of ownership and planning status, negotiation of the acquisition perimeter, incorporation of the United Kingdom parent company, and engagement with the municipal administration and technical office on the planning route for the area.

The present phase concerns the completion of the acquisition perimeter and the preparation of the masterplan documentation. The site is not under construction, and no part of the programme described on this website should be read as a completed development.

Futuro Agrate Ltd is the parent entity. Italian land is held by Italian special-purpose companies whose shares are, or are contracted to be, held by the parent. This separation keeps each land position ring-fenced within its own company while consolidating control at the level of the United Kingdom entity.

Parent entity

Futuro Agrate Ltd (United Kingdom)

Asset-holding layer

Italian companies holding individual land positions

Control mechanism

Ownership of the shares of the asset-holding companies

Operational layer

London corporate office and on-site project office in Italy

The commercial terms on which capital participates in this structure are set out separately in the investment materials and are not part of this page.

Land development in Italy is an administrative process before it is a construction process. The company's principal counterparties are therefore public bodies:

• Comune di Agrate Conturbia — Giunta Comunale

  Municipal administration; political and planning counterpart for the masterplan.

• Ufficio Tecnico Comunale

  Municipal technical office; urban planning instruments and building permits.

• Provincia di Novara

  Provincial coordination and oversight of territorial planning.

• Regione Piemonte

  Regional authority for territorial and landscape planning frameworks.

The company is led by its founder and Managing Director, Vadim Nedranets, supported by a London corporate office, Italian architectural coordination and an on-site project office in Agrate Conturbia. Individual roles, responsibilities and biographies are documented on the team pages.

The facts stated here — the corporate seat, the field of activity, the location of the land and the composition of the ownership structure — reflect the company's registration documents, its acquisition documentation and its correspondence with the Italian planning authorities. Statements about the future shape of the development are plans, not entitlements, and are identified as such throughout this website.