The City of Milan has announced it is looking for foreign investors and developers to carry out a major redevelopment of the Expo 2015 site after next year's Universal Exposition.

The City of Milan has announced it is looking for foreign investors and developers to carry out a major redevelopment of the Expo 2015 site after next year's Universal Exposition.

Arexpo, a company held by the Lombardy Region, the municipality of Milan, Fondazione Fiera, the municipality of Rho and Milan province, has organised a tender for the urban regeneration of the area covering around 100 hectares of land.

The tender, which was announced at Expo Real in Munich last week, aims to select a project by November of this year.

'We trust that the international operators attending Expo Real will appreciate the challenge represented by an area that is at the centre-point of important European infrastructures and capable of boosting our country’s economic recovery,' Arexpo chairman Luciano Pilotti said.