Italy's Beni Stabili has started the redevelopment of the two Garibaldi tower projects in Milan, which the company bought in 2004 from the public railway group Ferrovie dello Stato for EUR 113 mln. The Milan-based developer and investor, which is controlled by France's Fonciere des Regions, will invest up to EUR 70 mln in a redevelopment project designed by architect Massimo Roj. The schemes, which are 115 metres high, are expected to be completed in 2009 and 2012 respectively.
Italy's Beni Stabili has started the redevelopment of the two Garibaldi tower projects in Milan, which the company bought in 2004 from the public railway group Ferrovie dello Stato for EUR 113 mln. The Milan-based developer and investor, which is controlled by France's Fonciere des Regions, will invest up to EUR 70 mln in a redevelopment project designed by architect Massimo Roj. The schemes, which are 115 metres high, are expected to be completed in 2009 and 2012 respectively.
