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land Market News: Italian Real Estate Intelligence

Foruminvest bought land to develop new hotel near Malpensa

Foruminvest bought land to develop new hotel near Malpensa

14 April, Monitor Immobiliare Foruminvest Italia acquired an 11,500 Sqm land plot to develop a new hotel in MXP Business Park, close to Milan's Malpensa airport. The hotel will offer 240 rooms, a fitness centre, a restaurant, a bar, a swimming pool and a panoramic terrace. Construction works will start in Q2 2022, and the inauguration is expected by Q4 2023. The transaction was finalized with Villa Carmen Srl, a joint venture of Schiphol Real Estate, Finiper and Michele Molina CM. Source: Monitor Immobiliare Translator: Cristina Ambrosi
 
Hines and Allianz RE to partner in last-mile logistics in Milan

Hines and Allianz RE to partner in last-mile logistics in Milan

13 April, Monitor Immobiliare Through Urban Mile Fund managed by Blue Sgr, Hines acquired a 110,000 Sqm area in Via Rubattino, Milan, in partnership with Allianz RE to develop a last-mile logistic hub. The new hub will be implemented with a total investment of €80 million and will be ready in 36 months. The asset will be compliant with the CREEM sustainability metrics and part of the requalification project that concerns the Rubattino area. Source: Monitor Immobiliare Translator: Cristina Ambrosi
 
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