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We do not run ordinary real estate deals. We create projects that turn buildings into value, through quality, vision and attention to every detail.
What you see below is what we are working on right now: open sites and live projects. Hover over an asset to open its story.
All operations→
A late-19th-century palazzo on the ring boulevard, restored into prime residences.
2,500 m²Floor area24Parking30 monthsDurationOpen the record→
A historic palazzo on the luxury street, restored to the standing of its address.
3,600 m²Floor area40Units30 monthsDurationOpen the record→
A hospital abandoned for fifteen years, steps from the sea.
3,000 m²Floor area40Units30 monthsDurationOpen the record→
An existing building redrawn in stone, brought back to residential use.
3,250 m²Floor area30 monthsDurationOpen the record→
GRM is a private real estate holding based in Milan. We acquire prime property — historic palazzi, residences and addresses of standing — refurbish it and bring it back to the value it can command.
We invest our own capital alongside a small circle of partners. We are not an agency and we do not broker: on every operation we are the owner, from purchase through to sale.
We work only at the top end of the market, and on few operations at a time. It is the only way to attend to what makes the difference at this level: the materials, the finishes, the proportions, and the time it takes to get them right.
Six areas, one direction. A real estate operation does not break into separate contracts: from the analysis that precedes the purchase to the exit, every step stays under one roof and answers to the same people.
We select before we buy. Feasibility studies, planning checks, market analysis and a financial model: if the numbers do not hold, the deal does not start. A network of agencies and professionals reaching from Venice to Milan and Rome brings us properties ahead of the market: off-market opportunities that are often never listed.
We invest our own capital alongside our partners. We build the structure of the deal — vehicle, equity, debt, governance — so that it holds in difficult years too.
We take the building from design to delivery. Design, permits, procurement and site work stay under one direction, with cost and schedule control in our hands.
Value is not found: it is built. Use class, architectural quality, energy performance and certification are the levers that move a building into another category.
Every operation has a direct owner, from acquisition to exit. We coordinate professionals and contractors, and account to our partners with regular reporting.
We manage the asset while it performs and exit when the market rewards it. Around the asset sit the services that protect its value over time.
These are the criteria by which we choose buildings, structure operations and measure the outcome. They apply equally to a historic palazzo and to a development site.
We look at a building for what it can become. Value is built in the distance between what stands today and the project.
We study many opportunities and invest in few. We commit where the project holds on numbers and quality, not on market expectations.
The purchase price is a decision taken on the numbers. Every operation has a budget and a schedule, and we keep to them.
Horizons measured in years, not quarters. Patient capital can choose the right moment to enter and to exit.
Materials, systems and energy performance are not a line to squeeze: they are what keeps a building desirable twenty years from now.
Our capital sits beside our partners’. The outcomes are the same, and that keeps interests aligned throughout.
Six professionals across real estate, structured finance and advisory. Every deal has a direct owner, from origination to exit.
Twenty years advising major international luxury and consumer groups on the decisions that shape their growth. Two decades at Accenture, ending as head of Accenture Song; today Partner at Deloitte Digital, responsible for commerce in Switzerland.
alessio.r@grm.estate
A decade of entrepreneurship in business services and facility management. Founder of Saphes S.r.l., an internationally active business, he holds a portfolio of assets and corporate entities across Italy and Switzerland, alongside the services business, he manages fitness centres and develops ventures in luxury mobility and high-end car rental.
matteo.g@grm.estate
Ten years of strategy consulting for industrial and international groups, on the decisions through which an offering finds its market. Director at Deloitte Digital, responsible for digital solutions across industry and retail, and mentor at Bocconi.
giacomo.c@grm.estate
Strategy consulting at Deloitte Digital and Arthur D. Little for Italian and international clients, alongside an entrepreneurial path that includes founding two early-stage companies. Co-founder of batoo and MBA candidate at London Business School.
giulio.b@grm.estate
Almost a decade in insurance, across agency and management roles for national players (Alleanza, UnipolSai, AXA, Amissima), before turning to leadership and business development. Today the owner of five fitness centres across Italy and Switzerland, and head of Human Resources and Client Management at Saphes Srl, which operates nationwide.
andrea.b@grm.estate
Mathematical Engineering at Politecnico di Milano, with a focus on applying quantitative models to business decisions. Founder of Viventa AI, an artificial intelligence company for process automation, which he led from technical development through to its first clients.
giorgio.m@grm.estateComparable operations taken to completion: acquired, repositioned and sold. It is the yardstick for the ones under way.
Completed operations→GRM is a sponsor of ASR, a racing team competing in the Lamborghini Super Trofeo. A choice of identity before visibility.
GRM is a sponsor of ASR in the Lamborghini Super Trofeo.
This is not a cosmetic sponsorship. A race car and a real estate deal are more alike than they seem: what counts is preparation, a margin of error reduced to zero, and the ability to read the next corner early.
ASR carries the GRM name on one of the most recognisable cars in Italian engineering, in front of an audience that shares the same codes as our counterparties: precision, craftsmanship, measured performance.
Same country, same care for detail: the GRM name beside a symbol of Italian industrial excellence.
On track as in a deal, the result is built beforehand: data, testing, calculated margins.
Paddock and real estate investment share the same people and the same way of weighing risk.
We welcome quiet conversations with owners, operators and long-term investors.
For acquisitions, co-development or the sale of buildings and land, let's talk directly.
