Milan

PIAZZA D’ARMI, Milan

Permitted uses: Residential, Retail, Social Housing

PROPERTY

MAIN SPECS

42

Land area (Ha)
73.527

Gross Floor area residential (m²)
15.035

Gross Floor area retail (m²)
37.356

Gross Floor area social housing (m²)

Following the memorandum of understanding signed in December 2025, the regeneration and enhancement project for Piazza d’Armi in Milan was launched, promoted by Invimit SGR and the Municipality of Milan. The intervention concerns the former military site decommissioned by the Ministry of Defence in the Baggio district, extending over approximately 40 hectares and representing one of the largest areas still available for development in the city. Future construction will be concentrated in the ‘former Magazzini di Baggio’ portion: out of the 144,000 sqm of buildable area envisaged by the Territorial Government Plan (PGT), approximately 123,000 sqm will be developed, while the remaining 20,000 sqm will be transferred to other sites with uses to be defined in agreement with the Municipality. The mixed use includes approximately 1,700 residential units — of which around 700 will be allocated to affordable rental housing for young couples and essential public service workers (with rents not exceeding 30% of net household income) — in addition to neighbourhood retail, public services and medium-sized retail units. Approximately 80% of the site will be dedicated to an urban park, which by size will rank among the three largest parks in Milan. Given its scale, location and planning framework, the project represents an investment opportunity within a high-potential urban regeneration context, capable of integrating real estate development, services, environmental enhancement and strong social impact.