Hines and Accor announce plans for a hotel (photo above) at MilanoSesto, an urban regeneration project in Milan, via an agreement with the Unione 0 real estate fund.
The Unione 0 real estate fund, managed by Prelios SGR and ultimately invested in by Hines and Cale Street, has entered into a binding agreement with Accor for a hotel to be developed on the Unione 0 private lot at MilanoSesto, on a 25-year lease, via the hotel group's partner, Amapa.
Hines is also a strategic adviser and development manager of the entire MilanoSesto 13-year project. Prelios acts as manager of the Unione 0 real estate fund, and serves as asset and project manager of the overall initiative.
Currently, construction continues on the Unione 0 private lot section at MilanoSesto, which spans 250,000 square meters (2.7 million square feet), bordering the former Falck area railway station. Excavation work for the hotel will start in August 2022 with construction set to begin on the buildi
