Joint investors Hines and Blue Noble, an international real estate investment manager, confirm that a lease agreement with Starhotels for the management of part of the asset of Corso Italia in the heart of Florence has been finalized.
Hines and Blue Noble are joint investors in the “Future Living” fund managed by Savills Investment Management SGR SpA.
The agreement with Starhotels, a leader in the Italian hospitality market, is to manage three of seven buildings at Corso Italia, formerly home to the Teatro del Maggio Fiorentino. The new residential rental offer — Il Teatro Luxury Apartment - Starhotels Collezione — will include more than 150 high-end apartments of different types and dimensions for unique short-medium term stays. As a result, Corso Italia will relaunch while respecting the location’s cultural heritage and offering an innovative residential for rent product that is in growing demand.
The rental apartments will come to market in 2024
