Italy's Draco Real Estate and Coopsette are launching their fully-owned Motorcity project covering an area of 450 hectares this week at MIPIM. The development, which will become one of Europe's largest European infrastructure and entertainment projects, is located near Veneto in Northern Italy and willl include an entertainment theme park, an Autodrome, a shopping mall, a university and museums dedicated to racing cars, two hotels and a Science and Technology park. The site will be connected to the city centre through a newly built surface metro line.
Italy's Draco Real Estate and Coopsette are launching their fully-owned Motorcity project covering an area of 450 hectares this week at MIPIM. The development, which will become one of Europe's largest European infrastructure and entertainment projects, is located near Veneto in Northern Italy and willl include an entertainment theme park, an Autodrome, a shopping mall, a university and museums dedicated to racing cars, two hotels and a Science and Technology park. The site will be connected to the city centre through a newly built surface metro line.
In a statement last week, the companies said that total investment for the project is estimated at around EUR 1.5 bn. The building is expected to host approximately 20 - 25 million visitors per year and will create 15,000 new jobs. Construction of the autodrome is expected to start soon with completion planned for 2011. A six-kilometre circuit will be set up to host both Formula 1 and MotoGP which will be available for amateur use as well.
The complex will include about 300,000 m2 of retail space and two hotels featuring a total of 1,000 rooms, as well as a convention and wellness centre.
