Somec Group US flagship co. Fabbrica LLC has signed two new agreements worth USD 50 million.

Somec Group US flagship co. Fabbrica LLC has signed two new agreements worth USD 50 million.

The first agreement covers the initial design and the construction phases of a new laboratory at Johns Hopkins University. Based in Baltimore, Maryland, it is America’s first research university and home to nine world-class academic divisions working together as one university. The nine-storey project comprises 22,300 square metres of glass and metal curtain walls with sunshade elements.

The second agreement pertains to a 16-storey building in the Kendall Square district of Cambridge, Massachusetts, known as the “Volpe Building C3”. Developed by the MIT (Investment Management Company), it will be used for office space and research laboratories. Specifically, it will comprise over 21,000 square metres of glass and metal curtain walls with terracotta elements.

According to the schedule set for both projects, design will get underway in 2025 while construction will take place between 2026 and 2027, with the economic effects following the same time horizon.

Oscar Marchetto, Chairman of the Somec Group, pointed out: “These new projects on the East Coast bear out Fabbrica’s stronger foothold on the US market and the effectiveness of our diversification strategy. The ability to operate in different sectors is a strength that ensures stability and adaptability  in changing economic environments. Notably, collaborating with some of the most prestigious American academic institutions is a key driver enabling us to maintain a solid portfolio that is less exposed to market volatility. The synergy with leading real estate partners also plays a role, as it allows us to increase our competitive edge.”