Immsi S.p.A. operates in the real estate sector principally through the stakes owned in subsidiaries, in their turn involved in real estate development projects.
Is Molas project
Through its subsidiary Is Molas S.p.A., Immsi manages the Is Molas tourist hotel complex in the south of Sardinia, about half an hour from the international airport and Cagliari.
The resort is known and loved by golfers from all over Europe and beyond, thanks to its two courses: an 18-hole course designed by Cotton & Pennink, which has hosted four Italian Opens, a Volvo Masters and various international competitions, plus a 9-hole course. There is a club house with restaurant, pool club, driving range and academy.
The resort operates a 4-star hotel with 72 rooms, restaurant, bar, swimming pool and Beach club.
Immsi acquired Is Molas at a bankruptcy auction in October 2004.
A development project was then drawn up by Fuksas, a leading contemporary architect, which includes 39 5-star luxury hotel suites, piazza, Spa, another 18-hole golf course by Gary Player.
The resort will be complemented by the construction of about 200 high-quality villas, with commercial spaces ranging from 250 sqm to 700 sqm. The lots range from 1,100 sqm for the smallest villa “Arenada”, to 2,500 sqm for the largest villa “Palas”.
With reference to the Parent Company Immsi, further (non-controlling) investments were made through minority holdings in the company Alitalia – Compagnia Aerea Italiana S.p.A. – acquired with a total investment of 129,4 million euros, and Unicredit S.p.A. with an investment at a purchase cost equal to 14.9 million euros.
