- Business
- Brioschi Sviluppo Immobiliare S.p.A. Brioschi Sviluppo Immobiliare S.p.A. is an Italian real estate company listed on the Milan Stock Exchange that specializes in the integrated development of large urban areas, focusing on the design, construction, and management of innovative complexes combining offices, commercial spaces, residential premises, and retail projects emphasizing quality, eco-sustainability, and great design. The company offers medium- to long-term residential and retail development projects; rental income-generating property investments; sale and purchase of property complexes; real estate promotion and management services; and financial transactions linked to mortgage credit portfolios, with net sales derived from real estate rental (49.2%), real estate services (34.7%), and sale of real estate assets (16.1%) as of 2024, when its real estate portfolio reached a market value of EUR 193 million. Founded in 1907 as Achille Brioschi & C. and headquartered in Milan, Italy, at Piazza della Conciliazione 1, it operates primarily in northern Italy through subsidiaries such as Milanofiori Sviluppo S.r.l. and functions as a subsidiary of Bastogi S.p.A., which holds a 50.6% stake. Recent developments include its subsidiary Milanofiori Sviluppo S.r.l. accepting offers in November 2025 from institutional investors to sell its remaining 73,769 shares in the Fleurs Fund--an Italian closed-end real estate investment fund--for EUR 13.1 million, with the transaction set to close on December 1, 2025; stable gross operating margins of EUR 2.3 million for the first nine months of 2024 amid ongoing real estate and hotel projects; and publication of its half-year financial report as of June 30, 2025, alongside advancement of key urban development initiatives.