AGRATE
CONTURBIA
Strategic Land Development Opportunity · Northern Italy
Developer & Investment Manager
Futuro Agrate Ltd (United Kingdom)
Land development 215.3 ha · Agrate Conturbia · Value creation through the master plan
Investment thesis
A land development project of 215.3 ha in the Piedmont region, Northern Italy.
The strategy creates value through:
- consolidation of the land assets;
- securing planning and building rights;
- preparation of the master plan;
- packaging land clusters for sale to specialist developers.
Key parameters
LOCATION
Agrate Conturbia · Piedmont · Italy
The project sits between Milan, Lake Maggiore, the Alps and the Swiss border.
Accessibility
- 45 minutesto central Milan
- 25 minutesto Malpensa airport
- 20 minutesto Lake Maggiore
- about 1 hourto Switzerland
- directaccess to the A26 motorway
Why this location matters
- one of the wealthiest regions in Europe;
- strong demand for premium countryside real estate;
- limited supply of large consolidated land plots;
- mature transport infrastructure;
- an exceptional natural setting.
ASSET AND BUILDING RIGHTS
Land bank
Scope of the 200 ha plots — official general planimetry (Platani S.r.l., scale 1:5000) and the project masterplan.
About this plot
Cascina Ferdinanda hotel site plan on the 3.3 ha plot.
This presentation is a historical document and may contain superseded assumptions on uses, pricing and returns. Current investment model
Castello di Agrate Conturbia — aerial view of the 12 ha castle grounds.
Castle pageProspective rights after the envisaged transactions
Intended use
STRUCTURED INVESTOR ENTRY
The proposed transaction provides for a staged entry of the Investor into the land development project through secured, purpose-bound funding of the pre-development stage, followed by the acquisition of a controlling stake in the project company once land consolidation is complete and the agreed planning and permitting parameters are achieved.
Secured investment loan to Futuro Agrate Ltd.
The loan is proposed to rank senior in the capital structure, subject to due diligence and definitive documentation, and would be applied to:
- ›acquisition and consolidation of the land bank;
- ›repayment of existing debt;
- ›release of encumbrances over the assets;
- ›acquisition of additional building rights;
- ›funding of pre-development and permitting work.
Acquisition of a 51% stake in Futuro Agrate Ltd.
The timing and conditions of the equity transfer remain to be agreed in the definitive documentation. No trigger, milestone or automatic closing event is agreed or represented here.
Security and control
The proposed security package would give the Investor a secured claim over the cash flows and assets of the project. Ranking is to be agreed between the parties, and each element remains subject to legal due diligence, documentation and perfection. The elements below are proposed and their status is not represented here. The proposed elements are:
Staged funding and cost control:
- ›funding is released within the approved budget and subject to agreed conditions precedent;
- ›funds move through controlled project accounts;
- ›material expenditure, additional financing, asset transactions and other key decisions require the Investor’s prior approval.
Outcome: in the first stage the Investor acts as a senior secured lender controlling the use of capital and the key project decisions. In the second stage the Investor acquires corporate control over the established development platform and a preferential share in its further value growth.
VALUE CREATION AND EXIT STRATEGY
Value creation
- 1Consolidation of the land assets.
- 2Securing additional planning rights.
- 3Approval of the master plan.
- 4Formation of land clusters.
- 5Preparation of the assets for sale.
Exit strategy
Sale of the consolidated land asset together with its planning rights to:
- a strategic investor;
- a development group;
- an institutional fund.
Sale of 100% of the shares in Futuro Agrate Ltd (share deal) without re-registering the land assets.
Legal Notice & Disclaimers
This document is provided for information purposes only to prospective qualified investors as a preliminary overview of the project. It does not constitute a public offer, solicitation, investment recommendation, or financial, legal or tax advice, and creates no binding obligation between the parties.
Status of rights and permits
The stated 8,000 sqm of core-asset rights remains subject to documentary verification. A further 7,000 sqm at the castle depends on acquisition and verification, while 7,000 sqm of transferable rights depends on municipal conditions, transfer and registration. Accordingly, ~22,000 sqm is a prospective conditional combination, not all currently confirmed or owned rights. ~62,000 sqm is the target approval volume.
Status of assets and transactions
The acquisition and consolidation of Platani S.r.l., the 3.3-ha parcel and the castle estate are described as proposed transactions, subject to due diligence and definitive documentation. These materials do not verify title status, the presence or absence of encumbrances, or completion of those transactions.
Forward-looking figures
€50–70M is a modelled gross land-project sale range (base €60M), not a received offer or investor net profit. The 24–36 month target requires an agreed starting event. In a separate construction scenario, €282M less €155M equals a €127M gross difference before other costs; it is not net profit or an investor return.
Transaction structure
The described structure (Futuro Agrate Ltd SPV, €17M secured facility, acquisition of 51% for €3M, share pledges and mortgages) reflects the parties’ intentions and remains subject to finalisation in legally binding documentation following DD. Terms may change based on negotiations, regulatory and tax considerations.
Recipient restrictions
These materials are intended solely for professional / qualified investors under the laws of the recipient’s jurisdiction. Distribution to the general public, retail investors, or in jurisdictions where such offer would be unlawful is not permitted.
Before making any investment decision, the recipient must conduct independent due diligence and consult qualified legal, tax and financial advisors. Real estate development investments involve significant risks, including the possible total loss of invested capital.
This document is for information purposes only and does not constitute a public offer or investment advice.