Global real estate investment firm Hines is investing €200m in an office project in northern Italy.
Hines said it is investing the capital to redevelop a 30,000sqm corporate headquarters project located at 25 Via Tortona in Milan. The four-building project is expected to complete in the first half of 2026.
The investment is being done in partnership with an international institutional investor through the acquisition of the shares of a fund managed by BNP Paribas REIM, Hines said.
Mario Abbadessa, senior managing director and country head of Hines in Italy, said: “This investment marks an important step for Hines as we continue to increase our portfolio in the growing office sector in Italy following projects in Piazza Cordusio and Via della Spiga.
“The project will see Hines create an innovative design that responds to the evolving needs of future occupants by planning the first office campus in Milan where social and sustainable requirements are placed at the heart of the development.”
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