Hines is expanding its office portfolio with an investment into a corporate headquarters refurbishment project in Milan, located at 25 Via Tortona.
The €200 million ($213 million) investment will be finalized in partnership with an international institutional investor through the acquisition of 100 percent of the shares of a fund managed by BNP Paribas REIM.
The project, which consists of four buildings, covers a total surface area of 30,000 square meters (322,917 square feet). Hines will act as the developer and co-investor in the planning and authorization phase until construction begins in early 2024. The project is expected to be complete in the first half of 2026.
The investment will see Hines create the first office campus in the center of Milan that is designed to meet the needs of today’s increasingly fast-moving and digitalized environment and provide flexible workspaces that benefit the well-being of occupiers’ employees.
The main ambition
