OKAM Capital, a well-established player with over 20 years of experience in residential and commercial real estate development, announces the founding of OKAM Italy, the Italian division that marks the beginning of an expansion strategy in the national market.
With a portfolio of 30 real estate projects developed in nine Polish cities, OKAM Capital stands out as one of the leading developers in Central and Eastern Europe and now aims to bring its know-how and business model to Italy.
Leading the entry into the market is Ariel Bruckmayer, co-founder and CEO of OKAM Italy, a professional with solid industry experience, founder and CEO of Terra Real Estate since 2022 and Development Manager at Itay Properties and Milu Holding. A graduate of Bocconi University, Bruckmayer has gained significant experience in the real estate sector, supporting the growth of the Itay and Milu groups from the outset from technical, urban planning, commercial and financial perspectives.
Bruckmayer marked the start of the new company’s operations with the completion of a first strategic real estate transaction, confirming OKAM Italy’s ambition to position itself immediately as a key player in the Italian real estate market.
In partnership with MILU HOLDING and the FREO Group, OKAM Italy finalised the acquisition of a portfolio of several properties located between Milan and Rome, acquired from an Italian investor, with a total surface area of approximately 16,000 square metres.
The total value of the transaction, which includes a redevelopment and conversion programme worth approximately 200 million euros, is part of a medium- to long-term strategy aimed at transforming office buildings – currently penalised by challenging market conditions – into new-generation assets for high-demand uses.
In recent years the office segment has experienced increasing challenges, with a decline in demand and a rise in vacant space, especially in properties that no longer meet ESG standards or evolving work models. In this scenario, the strategic repositioning of real estate assets represents not only an investment opportunity but also a concrete response to the evolution of markets and cities.
The properties acquired are located in prime areas in the centres of Milan and Rome, which continue to attract international investors and show growing demand for high-end residential and hospitality solutions. OKAM Italy’s goal is to renew properties, transforming them into contemporary projects that reflect key trends in the real estate market.
Based in Milan, OKAM Italy develops its projects within one of Europe’s most competitive and design-oriented real estate markets. The new player in Milan’s real estate market already has a significant presence with 200 residential units under development covering a total surface area of over 22,000 square metres. The company builds its strategy on the legacy of Terra Real Estate and a network of high-profile Milanese partners.
Thanks to its deep roots in Milan’s architectural and professional landscape, OKAM Italy is able to achieve the highest standards in design and execution, with the aim of extending the quality and innovation of the Lombard capital to other strategic Italian cities.
“With OKAM Italy we want to bring a development model to Italy that combines international vision, local expertise and a strong focus on quality”, said Ariel Bruckmayer, co-founder and CEO of OKAM Italy. “Our goal is to create new standards of excellence in the way people live and experience cities. Milan is the starting point of a journey that looks to the Italian market with confidence and ambition.”
“The conversion of office buildings into new uses is one of the most important drivers for revitalizing the Italian real estate market today,” said Paolo Rela, Managing Director and Head of Italy for FREO.
“Through this transaction, we aim to breathe new life into centrally located properties which, although they have lost their appeal in their original configuration, can become catalysts for neighborhood development and help redefine the residential and hospitality offering in Milan and Rome”, said Nicola Berghella, Investment Director for FREO.