Hines has completed an investment in the Ex Trotto area, acquiring the Ex Training Center complex located in the San Siro district of Milan, Italy.
The former racing track and sports complex, which has not hosted any sporting events since 2013, will be transformed into a major residential-led mixed-use scheme. The acquisition was made from Snaitech through the “Invictus” real estate fund, established and managed by Prelios SGR.
The preliminary urban regeneration project, which will be submitted to the appropriate authorities in the coming months, aims to reclaim a total area of 150,000 square meters (1.6 million square feet), restoring to the city an area that has been unused for some time.
An initial proposal, in line with the green character of the district, could include a park of more than 30,000 square meters (323,000 square feet) and a residential offering comprising a significant number of regulated rentals. Both aspects are consistent with Hines’ s
