The Wealth of the Land Uni Land is the first company operating in Land Banking and House Building listed on the Italian market. The company, formerly called Perlier, has recently sold the cosmetic division, changed its name, main shareholder and core business.

Uni Land now operates in the real estate business, with a portfolio of 644,187sqm of land, conferred by Cemlux. 2005 was a year of dramatic change for Uni Land: between May 2005 and February 2006, the company changed its name, core business and main shareholder.

After a capital increase, A. Mezzini, through Cemlux, became Perlier’s majority shareholder with 98.7% of the net equity, and the new CEO. The company changed its core business, becoming the first Land Banking and House Building company listed on the Italian market, and its name, from Perlier to Uni Land.

Land Banking involves the trading of land, which is generally purchased without building permits at a very low price (the land is solely for agricultural use) and is subsequently sold at a higher price after the building permit has been granted by the Public Administration (PA).

In short, Land Banking covers the management of the process of changing the land’s ‘use’, from agricultural to residential or commercial/industrial. Uni Land is also involved in the House Building business once the building permit has been obtained.