Lingotto

Lingotto is one of the most architecturally distinctive retail properties in Italy, occupying the converted Fiat factory complex on Via Nizza in southern Turin that produced cars from 1923 until 1982. The Renzo Piano-led adaptive reuse completed in 1989 transformed the five-storey reinforced concrete building into a mixed-use complex combining retail, offices, an auditorium, a hotel, a Centro Congressi exhibition space, and the Pinacoteca Agnelli art collection.

The 38,000-sqm retail component runs along the building’s central spine across two levels, with the Eataly Lingotto flagship anchoring the food and beverage component since 2007 as one of the original Eataly stores that defined the format’s national expansion. The tenant mix combines mid-tier fashion volume with specialist food retail, books, and lifestyle categories, calibrated to the building’s residential, office, and tourist visitor population rather than positioned as a regional retail destination.

The Lingotto’s commercial role is structurally different from any conventional Italian retail property. The asset is an architectural and cultural destination first and a retail centre second, with the rooftop running track (Fiat’s original test circuit, preserved through the renovation) and the Pinacoteca generating visitor flows that retail alone could not justify. The Lingotto metro stop on Turin’s Line 1 connects the property directly to central Turin in 12 minutes.

The Lingotto Group operates the property under a long-term concession-and-management structure that distinguishes it from the institutional REIT-owned Italian retail map. The asset’s value proposition is heritage-driven rather than productivity-led.