Stilo Immobiliare Finanziaria s.r.l. is an investment holding company with diversified activities in Italy and abroad. A network of interests operates primarily in commercial and residential property development and management with branches in the production of alternative energies.
Vertically integrated, the company oversees projects from conceptualization through the management of completed projects. The commercial core activities of the company focuses on the development of large commercial facilities such as major malls and retail villages using in-house subsidiaries to provide engineering services, construction and in general all activities related to marketing and management.
The business model pursued by the company normally includes the total or partial disposal of the assets developed for institutional investors, typically mutual funds.
The choice of a business model heavily verticalised Stilo and allows it to benefit from significant increases in the value chain.
Stilo and its real estate subsidiaries act as vehicles for development and can rely on a company portfolio of projects under development requiring investments of more than two billion euro that are expected to provide substantial economic returns.
Stilo Immobiliare Finanziaria s.r.l.’s business is divided into forty companies and employs approximately 90 people.
Stilo Historical Societies Holding Company was formed in 1998 through the acquisition of a portfolio of existing commercial assets and a substantial inventory of land suitable for development. The portfolio was acquired from a real estate bank, Akros, a victim of the difficulties of the 1990’s real estate collapse.
The entrepreneurial skills of the engineer of this acquisition, Antonio Percassi, President and shareholder of the company, under a less institutionalized structure, permitted the company to complete the commercial center in Bergamo, Orio Center at Orio al Serio. Orio Center is one of the largest enclosed malls in Italy and the project served as the impetus to new innovative initiatives for the company.
The success of Orio Center led to the rapid succession of other retail complexes in Lombardy and Tuscany-- emerging markets with unsatisfied demand.
The company utilized its considerable expertise to develop the European headquarters for the IBM Corporation in Milan (Segrate). The advanced facility features state-of-the-art construction and design components and set a new standard for their worldwide facilities.
In the United States, Stilo is developing a series of projects just outside the entrance to the Grand Canyon National Park. The almost 175 hectare project (spread across three separate land parcels) will include lodging, leisure, retail, edutainment, service and residential facilities offering a modern alternative to area residents and to the millions of tourists each year that visit the Grand Canyon.
Stilo is developing a project in Italy aimed at the revival of the historic town of San Pellegrino Terme. The company’s broad appreciation of the globalization and growth of travel and tourism allows it to recognize this niche as an opportunity for diversified development to complement its core retail activities. The San Pellegrino redevelopment includes a wide mix of residential, retail, hotel, recreational and other uses that permits visitors to rediscover the great traditions of this extraordinary city.
The company’s Villa Arceno resort estate lies on the hills around Siena, on the most prestigious area of the Chianti, deep in the heart of Tuscany. The estate stretches for more than 1000 hectares of woods, lakes, vineyards and olive groves by the medieval village of San Gusmè.
Several Stilo subsidiary companies are instrumental to the specific implementation of its core development activities: Progen Ltd for architectural design, Cogestil s.p.a. for general construction and Premium Retail Ltd for marketing and Added Value Management Ltd. Provide for the management of commercial spaces.
Gruppo Percassi, one of the owners of Stilo, is the largest retailer in Italy as a joint partner or distributor for national and international brands such as Benetton, Sisley, Nike, Inditex Group (Oysho, Zara, Zara Home, Pull & Bear, Stradivarius, Massimo Dutti, Bershka and Kiddy’s Class), Levi’s, Ferrari, Guess, Calvin Klein, Swatch, Breil, Tommy Hilfiger, Just Cavalli and Kiko.
The retail network is made of 300 stores in Europe (Italy, Germany, Spain and the United Kingdom) and USA that has generated a total 2008 sales turnover of €250. The retail business employees 1,800 people.
This strategic relationship enables a unique and important integration between the development and retail functions.