HomePitch Deck · 5 slides
    01Investment Thesis

    AGRATE
    CONTURBIA

    Strategic Land Development Opportunity · Northern Italy

    Land development 215.3 ha · Agrate Conturbia · Value creation through the master plan

    Developer & Investment Manager
    Futuro Agrate Ltd (United Kingdom)

    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

    215.3 ha
    land bank
    22,000 sqm
    prospective combined building rights (conditional)
    €20m
    investment
    51%
    controlling stake
    24–36 months
    delivery horizon
    €50–70m
    modelled sale value (base case €60m)
    02Location

    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.
    03Asset & Building Rights

    ASSET AND BUILDING RIGHTS

    Land bank

    200 ha

    Core development area — master plan, infrastructure, residences and park.

    3.3 ha

    Plot with existing building rights of 7,000 sqm, transferable to the core area once the project is implemented.

    12 ha

    Historic castle with 7,000 sqm of redevelopment potential — planned restoration and architectural concept.

    215.3 ha — total land bank across the three plots: 200 ha + 12 ha + 3.3 ha.

    Prospective rights after the envisaged transactions

    8,000 sqm
    — new construction;
    7,000 sqm
    — transferable rights;
    7,000 sqm
    — redevelopment of the castle complex.
    TOTAL22,000 sqm — of prospective combined building rights, conditional on completing the asset acquisitions and on transfer and registration of the transferable rights

    Intended use

    110 ha
    — residences, wellness, sport, hospitality;
    90 ha
    — organic agriculture and landscape park;
    12 ha
    — the castle complex.
    04Deal Structure & Investor Protection

    DEAL STRUCTURE AND INVESTOR PROTECTION

    Total investment
    €20m
    €17m
    Debt financing of the project.

    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.
    €3m
    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.

    Investor protection

    Before any funding is drawn, the Investor receives a pledge over 100% of the shares in Futuro Agrate Ltd.

    On completion of the transaction the Investor receives:

    • 51% of the shares in Futuro Agrate Ltd;
    • corporate control over the project;
    • control over the subsidiary entities;
    • a share pledge over the project companies until the loan is repaid in full;
    • indirect control over the project land bank.
    05Value Creation & Exit

    VALUE CREATION AND EXIT STRATEGY

    Value creation

    1. 1.Consolidation of the land assets.
    2. 2.Securing additional planning rights.
    3. 3.Approval of the master plan.
    4. 4.Formation of land clusters.
    5. 5.Preparation 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.
    Target exit value
    €50–70m · base case €60m
    Planned delivery period
    24–36 months
    target horizon; the starting event must be defined in the definitive timetable.
    Alternative scenario

    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.

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