09 May, Avvenire
The Portuguese insurance company Fidelidade, a subsidiary of the Chinese private investment fund Fosun international Limited, presented the requalification project for the former Credito Italiano building in Piazza Cordusio. The project is worth about 100 million euro and is expected to be completed by 2021.
The asset was acquired by Fidelidade in 2015 for 344 million and then transferred to Fondo Broggi. It will accommodate shops, offices and leisure facilities.
Translator: Cristina Ambrosi