An agreement has been signed setting out the integration of Sigest – the real estate group active for over 30 years in the residential sector including the marketing of several iconic projects in Milan and other leading Italian cities - into GVA Redilco. GVA Redilco, with almost 50 years of experience, operates in the office, retail, logistics and living sectors and has been one of the fastest growing companies in Italian Real Estate over the last 5 years. This was recently confirmed by the prestigious rankings awarded by Il Sole 24 ore and Statista (“Leader della Crescita”) and by the German Quality and Finance Institute together with La Repubblica Affari & Finanza (“Campioni della Crescita”).
GVA Redilco’s acquisition of Sigest represents the creation of the leading independent player in the Italian real estate market, with strong areas of specialization in advisory and transaction services and an aggregate turnover close to € 30 million.
Enzo Albanese will remain Sigest's operational chairman, while Giuseppe Amitrano will serve as CEO of both companies.
The new GVA Redilco - Sigest group will be a leader in the real estate market, allowing for considerable strengthening of all business lines and leading to the creation of an advanced, innovative platform of services to satisfy the demands of big international players on residential assets as well. The group will be able to count on significant investments in training, technology, digital tools and research, from proptech to new forms of “Living”, to which the two companies are already committed.
"Sigest is starting along a new path," declared chairman Enzo Albanese "which we are happy to be following alongside an important, qualified partner such as GVA Redilco. I believe that the market currently offers challenging opportunities, with large international investors expressing a strong interest in assessing the potential of the national residential segment, not just the commercial market.
Over the years, Sigest has succeeded in affirming a unique, innovative approach to the market, providing services to support residential development, renewal and urban regeneration schemes. More specifically, advisory has proved to be increasingly strategic for the success of a deal, studying an area and the demand, providing a market opinion with detailed socio-demographic analyses, and defining the best strategy for the subsequent marketing.
Within this context, combining the respective strengths, the new group can benefit of important synergies and better respond to this new market demand."
"GVA Redilco is now expanding its services offer," comments CEO Giuseppe Amitrano, now also CEO of Sigest, which is recognized and appreciated by the market, capable of satisfying the growing demand in the residential sector from international investors. Together with Sigest we are now able to provide outstanding brokerage and advisory services, in the living market as well, through an innovative platform to fully and rapidly support our clients with an entrepreneurial approach and institutional execution.
Investing in human capital, continuous training, innovative digital technologies and research are all crucial elements for growth: this shared view has been, since the beginning, the mission of our journey".