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alternative Assets News: Spanish Real Estate Intelligence

Coima, Covivio, Hines and Värde Partners competing for Porta Romana in Milan

Coima, Covivio, Hines and Värde Partners competing for Porta Romana in Milan
13 June, Bebeez Coima, Covivio, Hines and Värde Partners are the four candidates for the old railway yard of Porta Romana in Milan, an area covering 216 thousand Sq m. The City of Milan intends to sell and requalify it, possibly to be used to host the athletes if Milan is to host the Olympic games in 2026. In this case, its sales and requalification will happen in a very short time, even though no official tender has been published yet. Source: Bebeez Translator: Cristina Ambrosi
 
Arexpo: MilanoSesto like the Silicon Valley

Arexpo: MilanoSesto like the Silicon Valley
10 June, Corriere della Sera Arexpo is currently working on two large-scale requalification projects in Milan. In the former area that hosted the Expo, it will be implemented the Human Technopole. The project had been awarded to LendLease, with a total investment of 2 billion, plus other 2 billion of State funding. The plan will include a district specialised in scientific research (Mind), plus the university campuses of Università Statale (380 million), the Galeazzi Hospital (300 million), along with several pharmaceutical and research companies. The second project is MilanoSesto, consisting in the requalification of the former Falck steelworks. Intesa Sanpaolo is one of the investors, with an investment of 600 million. Unlike Human Technopole, MilanoSesto will mainly have a residential vocation. The 1.4 million Sq m area will be occupied for 30% by private properties and for 70% by public facilities, including the healthcare district named Città della Salute and various departments of Università Statale and Bicocca. Source: Corriere della Sera Translator: Cristina Ambrosi  
 
Oaktree negotiating stake in Costa theme parks

Oaktree negotiating stake in Costa theme parks
21 May, Milano Finanza The international private equity fund should be in the advanced stage of the negotiations concerning Costa Edutainment, held by Vei Capital, to acquire a minority stake (16.45%) in the capital of Costa. The entertainment and theme park sector consists of over 230 facilities in Italy, generating a turnover of 376 million along with 800 million euro from downstream activities. Source: Milano Finanza Translator: Cristina Ambrosi
 
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