Foreign investors crazy for Italian real estate

May 30, 2013 1425

by Claudia Astarita

This has been a crazy semester for Italian real estate, with foreign investors arguing that "Italy's territory is one of the most important natural resources of the country that can support economic growth in the future".

The most recent news is related to Qatar Holding and property group Hines taking a stake in a high-end real estate development in Milan, the Porta Nuova complex (2 billion Euro value), which is part of a massive development plan Milan is supporting in preparation for 2015 World Expo. Porta Nuova is a mixed-use real estate building (the complex includes a series of luxury apartments and a 90,000 square meter park), the larger ever built in a European city center. It is closed to Corso Como, a renowned district for dining and shopping.

Read more

Fonte: This is Italy

You may be interested