An indirect investment that leads Enpaia to become a protagonist at Citylife. In fact, the National Insurance Agency for workers and employees in agriculture purchased 50% of the shares of the Rubens fund, which boasts the ownership of the Libeskind Tower, in Milan, from the Generali insurance group for over 160 million euros. The building designed by Daniel Libeskind is called “Il Curvo” from the singular shape that was built – in the architect’s words – precisely to remember the Pietà Rondanini and is also known as Torre Pwc from the name of the tenant who occupies it since last summer.
The works on the Pwc Tower were started in 2018. The Tower, 175 meters high, three meters more than the Hadid tower, is the third skyscraper in Milan, surpassed by the nearby Allianz tower (242 meters high by 50 floors) and from the Unicredit tower to Porta Nuova (231 meters). In all, it is spread over 34 floors and 33,500 square meters of surface, and completes Piazza Tre Torri in Citylife, a real estate development that in Milan has changed its face to an important area of the city. At the top there is a crown 40 meters high and 600 tons of steel and glass, a dome inspired by those of the Italian Renaissance.
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According to rumors, the PWC would pay around 200 million euros in rent for a 15-year contract. Basically, he repays the costs of building the tower, “which has a value of 270-280 million euros”, as Aldo Mazzocco, CEO of Generali real estate and president of Citylife, explained at the time. Although today, like many towers and office buildings in the city, Il Curvo is semi-desert due to the rules dictated by the Covid-19 pandemic and the rampant smart working in companies.
Generali will continue to hold 50% of the property through the Generali Europe Income Holding (Geih) fund managed by Generali Real Estate Sgr, whose shares are held both by companies of the Generali group and by third-party investors. «It is the most recent and significant investment in the consolidated collaboration between Enpaia and Generali – reads a note -. An ever closer collaboration, oriented towards sustainability through the application of ESG principles to the entire value chain ».
The tower is a complex engineering work. The steel reinforcement is equal to 5,336,000 kg, while the total weight of the tower is approximately 115,200 tons (with foundation). The extension of the total surface area of the facades is approximately 27,075 square meters consisting of 4176 cell elements.