APCOA: The Mediolanum Parking of Large Corsia Dei Servers in Milan

The Mediolanum Parking in Largo Corsia dei Servi in the heart of the historic center of Milan reopens on Wednesday 29 May 2024, after five years: 300 rotating parking spaces serving citizens and tourists, in a multi-storey car park totally renovated and renovated according to the most modern technological and safety concepts.

The car park, located in Largolane dei Servi 15, between Corso Vittorio Emanuele II and Corso Europa, a stone's throw from the Duomo, the Galleria Vittorio Emanuele II and near the University of Milan, was built in 1973, and was closed since 2019.

Mediolanum Parking will be managed by APCOA Italia S.p.A, - a company of the APCOA Group, European leader in parking and mobility services - on behalf of the Fund Manager Catella Real Estate AG. - specialized in the field of real estate investments - who owns it. APCOA oversaw and participated in the renovation interventions which involved both the redistribution of spaces in the seven parking floors, with new dimensions of the stalls, lights and flows, and the adoption of payment access, remote booking and surveillance technologies and lighting.

The new infrastructure was inaugurated with the symbolic ribbon cutting in the presence of Franco Lucente, regional councilor for Transport and Sustainable Mobility, the CEO of APCOA Italia, Arturo Benigna, and Isabel Jager, Senior Investment Manager Catella Real Estate AG.

“We are proud to have contributed significantly to the rebirth of this iconic work in the center of Milan which for many years had been subject to progressive deterioration, after several unsuccessful sales attempts made by the Municipality of Milan, also due to the technical complexity financial recovery”, declares Arturo Benigna, CEO of APCOA Italia. “We therefore thank the prestigious European Fund Manager Catella Real Estate AG., which purchased the structure from the Municipality of Milan, not only for the trust it has placed in us with the assignment of management, but for having delegated the most important part to APCOA significance of recovery activities and technological choices. We think we have repaid this trust by giving new life to this work, proposing even more innovative and evocative solutions compared to our already high standards, to the benefit of our users' experience. This intervention also represents a confirmation of our attachment to the city of Milan and the Lombardy Region in whose infrastructural context, of very high quality, a significant portion of our most prestigious managements interact harmoniously."

Franco Lucente, regional councilor for Transport and Sustainable Mobility, added: "An initiative that goes in the direction desired by the Lombardy Region, guaranteeing adequate solutions for sustainable, technologically advanced mobility capable of responding to citizens' needs. If we want to make our cities places that are truly accessible to all, it is necessary to set up modern and safe infrastructures, in the name of intermodality between transport systems which is the only way forward for a functional connection between places and travel methods".

Wolfgang Oelke, Head of Portfolio Management, Catella Real Estate AG, said: “We are delighted to further strengthen our strategic partnership with APCOA through the development of the Mediolanum car park. The technical repositioning of the car park was a particular challenge, which is why the clear coordination of the measures with the future needs of the APCOA operator was essential for the success of the project. We would therefore like to thank both APCOA and our technical service providers for their fruitful collaboration, which has been fundamental to the success of the construction work. The further geographical diversification of the car parks portfolio in a large metropolis like Milan is also a valuable addition to the fund, which further optimizes the risk/return profile. We believe that the fund will not only benefit from the good positioning of the asset in the lively centre of Milan, but also has the conviction of making a positive contribution to the further development of the city of Milan together with our operational partner APCOA.”

The renovated Mediolanum Parking will be at the service of citizens and will contribute to making Milan increasingly at the forefront of services and in line with the liveability standards of other large European cities, with particular attention to safety.

The car park is open 24 hours a day and is equipped with the most modern control technologies for user safety thanks to around 50 cameras installed throughout the structure, as well as the roller shutter doors which will be installed in the next few days and activated during the night hours. The entry and exit flows, as well as the accesses, are managed by the latest generation SKIDATA systems. Different types of parking spaces available to citizens: 11 for city cars, 6 spaces dedicated to users with disabilities and 4 spaces for electric charging with 2 AC charging stations.

In addition to the payment methods via cards and cash through the two automatic cash registers, you can access with Telepass and Unipolmove, which will allow you to pass without collecting the ticket. It will also be possible to book a parking space via the APCOA prebooking system.

The rotating parking fee is 3 euros per hour, up to a maximum of 15 euros per day. Special rates also for those who wish to purchase a season ticket and reserve a place for longer periods. For further information, consult the following link https://www.apcoa.it/mediolanum-parking-milano/.

About APCOA

APCOA is Europe's leading parking operator with more than 50 years of industry expertise. With its 5,000 employees, the Group manages more than 1.8 million individual parking spaces at 13,000 locations in 13 European countries. The company is active in the areas of parking, charging, technologies and urban solutions. With its consistent “asset light” business model, APCOA is a trusted partner, maximising value for private and public real estate owners.

Via its open digital platform, APCOA FLOW, the company connects on-street and off-street car parks with owners, partners, customers and their vehicles. Based on this technology, APCOA is transforming its car parks into urban hubs, creating the physical and digital infrastructure for mobility, logistics, EV charging and a wide range of innovative services that enable a more convenient mobility experience.

The environment also benefits: With its digital services and intelligent Traffic Management System, the company actively contributes to the reduction of emissions in cities by decreasing the volume of logistics traffic and vehicles searching for parking. By connecting parking, mobility, and proximity services for urban living, APCOA is positioned to become an integral part of the digital and physical Smart City ecosystem.

Further information can be found at apcoa.com and urban-hubs.com