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Hines plans investments for 5 bln € in total by 2021 with a focus on rentals and logistics

19 May, Il Sole 24 Ore

Hines seeks to grow its Italian portfolio up to 5 billion € by the end of the year, focusing on residential and logistics assets. The residential portfolio is now valued at 2.5 billion € (versus 1.5 billion € the offices), including long-term rentals and student living.

In Milan, Hines is about to close an operation in Porta Vittoria for 250 apartments. Meanwhile, the works have started in Milanosesto to develop 1,200 units and 800 units in San Siro, 200 near Navigli, and 70 in Torre Velasca.

Hines is also working with Arcese to acquire logistics assets in Brescia and Tortona. Besides, the company has exclusive rights on a last-mile project in Milan city centre.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi