Supernova Group acquires Milan shopping centre

Retail real estate specialist Supernova Group has acquired the Galleria Borromea shopping centre in the Milan metropolitan area.

Galleria Borromea

This follows their previous acquisitions of Casetta Mattei in Rome and La Scaglia in Civitavecchia.
Galleria Borromea boasts a leasable area of 18,438 m² and features approximately 90 retail units. It attracts around 4 million visitors annually and offers over 1,500 parking spaces, with about two-thirds being covered. Notable long-standing brands within the centre include Mediaworld, Piazza Italia, Deichmann, and Contè.
Markus Pinggera, managing director of the Supernova Group, said: “Following our successful ventures in Rome and Civitavecchia, the acquisition of Galleria Borromea in the greater Milan area is the next step in sustainably expanding our presence in Italy. With this property, we are securing an established, high-traffic location in one of Europe’s most dynamic economic regions—while also strengthening our portfolio of high-quality shopping centres focused on everyday needs.” 
Aqil Nagji, fund manager at Europa Capital, added: “Following the successful completion of all asset management plans for Galleria Borromea, we are delighted to pass on the reins to Supernova. We are confident that the shopping centre will continue to thrive and serve the local community under their stewardship.”
Supernova manages a portfolio of 118 retail properties in Austria, Croatia, Italy, Romania, Slovakia, and Slovenia with a total value of €2.4 bn.