Coima Sgr, Covivio and Prada Holding have been awarded the tender for the purchase of the former Porta Romana railway yard in Milan. The acquisition will cost 180 million euros, and will take place through the Porta Romana real estate investment fund. The area, covers an area of about 190,000 square meters south-east of Milan, and will be home to the Olympic Village which will host the athletes of the 2026 Winter Olympics.
The press release announcing the acquisition states that “the railway line still active within the area will be partially buried, covered by a green hill and dominated by flyovers that will connect the large south-east neighborhoods, already in phase of renovation, in the adjacent historic center. The barrier so far represented by the airport will be overcome through easy paths inside the park, which will extend for about 100,000 square meters and around which residences, offices, social housing, student housing, services will be built, interconnected to the entire metropolitan area through the railway and underground stations ».
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Inside the airport, Coima Sgr will develop residential buildings and the Olympic Village, which at the end of the competitions will be transformed into a student accommodation with approximately one thousand beds. Covivio will develop “functions for office use and services”, while Prada will build “a building for laboratory and office use to extend its activities already present in the area”.
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