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Milanosesto: co-investment agreement between the Kuwait sovereign fund and Hines

21 October, Il Sole 24 Ore

Kia-Kuwait Investment Authority, the Kuwait sovereign fund, will be the co-investor together with Hines for the development of Unione Zero, a part of the wider requalification project of Milanosesto (1.5 million Sq m). Hines and the Fund are expected to invest 500 million € in the area, which covers about 250,000 Sq m, to implement 11 buildings accommodating offices, hotels, apartments for rent, student halls and social housing.  Works will start by June 2021.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi