By Razvan Toma · Founder & CEO, Ampervia · Last checked 2026-10-13 · Sources linked below
Steel group Marcegaglia sold an industrial complex in Corsico, on Milan’s western ring road, to telecom operator Retelit (announced September 2025). The site had two warehouses of about 11,500 m², offices and a yard, with high-capacity electrical and data connections already in place. Retelit broke ground in 2026 on a 13.6 MW data center in two buildings, with first capacity targeted for 2027. Sources (4)Pambianco Real EstatePambianco Real Estate — Marcegaglia sells Corsico industrial site to Retelit (Sep 2025)↗World CapitalWorld Capital — advisor on the Corsico sale↗RetelitRetelit — groundbreaking of the Milan Corsico data centre (2026)↗Key4bizKey4biz — la Lombardia chiede alla rete 44,96 GW↗
Timeline
| When | What happened |
|---|---|
| Before 2025 | Part of a Marcegaglia steel site: two warehouses (~11,500 m²), ~600 m² offices, ~6,000 m² yard. |
| Sep 2025 | Sale to Retelit announced (price not disclosed). |
| 2026 | Construction starts: two buildings, 13.6 MW total. |
| 2027 | First capacity targeted. |
What changed between entry and exit
- Chose an existing industrial site with power and fibre close to Milan.
- The operator bought and builds itself: no intermediate developer.
Capital and counterparties
Retelit funds land and build within a €350m three-year investment plan.
Economics: confirmed and not disclosed
| Item | Figure | Note |
|---|---|---|
| Purchase price | Not disclosed | |
| Capacity | 13.6 MW | Two buildings |
| Operator investment plan | €350m over three years | Group-wide, not this site alone |
Risks and limitations
- No price disclosed.
- Lombardy has very large connection queues (44.96 GW of data center requests); an existing connection shortens the path.
Relevance to Ampervia
In Milan, existing industrial connections close to the city are what operators buy. Lombardy’s new law also rewards brownfield sites with lower construction charges.
Sources
- Pambianco Real Estate — Marcegaglia sells Corsico industrial site to Retelit (Sep 2025)
- World Capital — advisor on the Corsico sale
- Retelit — groundbreaking of the Milan Corsico data centre (2026)
- Key4biz — la Lombardia chiede alla rete 44,96 GW
Last checked 2026-10-13. Third-party precedent, not an Ampervia project.