Borromeo, the company to manage historical sites listed by year-end

A business model based on separating asset management and ownership. After the rebranding announced in June, Kaleon (the new name of Sag Srl, the company owned by the Borromeo family, founded in June 1983 and specialised in the valorisation of its artistic, natural and museum heritage) is ready to go public by the end of the year.

'The intention,' explained Vitaliano Borromeo Arese, president of Kaleon, 'is to have 30% of the company listed in both Milan and Paris by 2025, in order to give itself a structure and rules, as well as visibility. The decision to also operate on the Paris market is dictated by the fact that operators are more used to retail operations and luxury is more developed. The objective is to take on the management of third-party assets, through long-term leases, committing to guarantee a periodic fee to the owners and taking on all the operational responsibilities necessary to make the sites usable, open them to the public and thus generate an economic return'.

In 2024, the company generated a turnover of around 22 million, with an Ebitda of 5 million and a CAGR 2018-2024 of 11 per cent.

The new company includes Terre Borromeo, a brand that identifies cultural and natural sites historically linked to the family. They include: Isola Bella and Isola Madre in the Borromean Gulf; Pallavicino Park in Stresa; Mottarone Park; Rocca di Angera, in the province of Varese; and the Castles of Cannero, in upper Verbano, which opened last 28 June on completion of restoration work.