(Visited 66 times, 1 visits today)
(Visited 66 times, 1 visits today)

Milan: the new sustainable real estate of Hines

17 June, Corriere della Sera

Hines plans to invest in Milan 3 billion euro by 2023. The city is at the 15th city globally in terms of allocated capitals, and the fourth in Europe, thanks to the efficient administration of the city, the above-average GDP (32 thousand euro against 15 thousand of Italy), and the lower unemployment rate.

Hines focuses on renting houses, rather than selling them, working with sovereign funds, mostly Asian and European. The company invests where there’s a demand: student halls, senior residences, affordable housing.

Hines is currently working on three main projects: MilanoSesto, the former racecourses in San Siro, and the area near Bocconi University.

Source: Corriere della Sera

Translator: Cristina Ambrosi