“Milan’s real estate market is experiencing a very lively phase, mainly because of foreign investors. Last Friday, Febrauary 27, it emerged that Qatar had expanded its share in the Porta Nuova project from 40% to 100% — it is a complex of offices, shops and houses realised by American firm Hines to revamp a run-down area of the city not far from the center, between the Central Station and Porta Garibaldi. It was a strong signal to institutional investors, as the complex is worth around €2 billion.
But, in general, what does Milan’s real estate market offer? As for the commercial sector, unfortunately, just a stock of buildings in need of upgrade and a few modern edifices—the outcome of a handful of projects brought to completion before the real estate crisis…….”