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 resort, located in southern Sardinia about half an hour from Cagliari airport. The resort attracts golf-oriented customers thanks to:
- a 27-holes club with an 18-holes par 72 championship course (which has hosted four International Opens and a Volvo open) and a 9-holes course par 36.
- a 4 star hotel with around 70 rooms, restaurant and outdoor swimming pool with bar.
On October 2004, Immsi S.p.A. acquired Is Molas S.p.A. from a bankruptcy auction. A development project of the existing resort is now ready to be implemented providing for:
- the redevelopment of 4 stars hotel with 80 rooms, a new 5 stars suite-hotel with 40 suite, the redevelopment of the clubhouse (6,000 sqm) and a 2,500 sqm new Spa;
- the construction of about 200 luxury villas, divided into four categories, designed by Massimiliano Fuksas, one of the protagonists of contemporary architecture, with commercial surfaces from 350 sqm to 700 sqm (inner, ter terrace and veranda) and parcels ranging from 1,100 sqm for Villa Arenada to 2,500 sqm for 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.