Diamante Fund: BNP secures majority stake. Coima will continue to manage the fund

Torre Diamante houses the offices of the 14 companies that make up the banking group in the country: companies operating in Banking, Bancassurance, Corporate & Institutional Banking, Asset Management and Consumer Credit; as well as Factoring, Leasing, Real Estate, corporate fleet management and sustainable mobility, serving around 6 million customers and employing over 15,600 people. In 2025, BNP Paribas in Italia generated revenues of around 6 billion euros and a pre-tax profit of over 2 billion. The Tower is flanked by two buildings known as the Diamantini, which, however, are not part of the transaction that has just been completed.

Torre Diamante is one of the landmark buildings of the Porta Nuova district. Built between 2010 and 2012, it is approximately 140 metres tall and has 30 storeys (27 of which are office space, plus technical areas), and comprises over 30,000 square metres of executive office space. BNP Paribas moved here in 2016.

As part of the urban regeneration project that covered the entire area, this tower was one of the first large office buildings in Milan to combine energy efficiency, high indoor environmental quality and urban sustainability: it is, in fact, LEED Gold certified, one of the leading international standards for building sustainability.

“The acquisition of a majority stake in Fondo Diamante further strengthens the group’s ties with Italy; it is like buying a home knowing exactly where you want to be,” emphasised Elena Goitini, BNP Paribas’s country head for Italy and CEO of BNL. In Italy, BNP Paribas is one of the leading banking and financial institutions and represents a fully-fledged specialised ecosystem that operates in an integrated and synergistic manner to meet the needs of entrepreneurs, households and institutions. BNL, one of the group’s 14 companies, acts as a distribution platform and, thanks to its local presence, amplifies this potential, making it accessible to customers.”

“BNP Paribas’s entry into the Porta Nuova Diamond Fund,” emphasised Manfredi Catella, founder and CEO of Coima, “represents a significant milestone, confirming Porta Nuova’s ability to attract leading institutional investors and demonstrating international confidence in the Italian property market. This transaction is the result of a long-term vision which, through urban regeneration and the quality of the assets, has helped to create a district now recognised as one of the most innovative and sustainable on an international level.”

Porta Nuova has continued to grow since the completion of the first phase of urban regeneration. Today, the district is home to over 50,000 professionals and 100 companies operating across a wide range of sectors, and has reached virtually full occupancy.

Porta Nuova accounts for 20% of the office lettings market in Milan, with values in line with prime cap rates.