Key Takeaways
- • Hines is co-investor and development manager of Unionezero, the first privately funded initiative in the urban regeneration of the former Falck area in Sesto San Giovanni, near Milan.
- • The roughly 250,000 sqm site is owned by the "Unione 0" fund, managed by Prelios SGR, with contributions from Hines and an international investor.
- • The development includes 93,000 sqm of office space, anchored by a 48,000 sqm building for Intesa Sanpaolo's new offices.
- • The district plans 39,000 sqm of student housing (about 600 beds) and 480 cooperative housing units, with LEED and WELL certifications targeted and completion projected for 2028.
Summary
Hines has announced Unionezero, a sustainable mixed-use district planned as part of the urban regeneration of the former Falck area in Sesto San Giovanni, on the northern edge of Milan. The site sits near the Lombardy region's new City of Health and Research and is well connected to central Milan by a nearby underground station and the new Sesto San Giovanni railway station.
Hines is acting as co-investor and development manager. The project is described as the first privately funded initiative in the area. The approximately 250,000 sqm of land is held by the "Unione 0" fund, managed by Prelios SGR, with capital from Hines and an international investor.
The program is weighted toward office use, with 93,000 sqm planned. This includes a 48,000 sqm building for Intesa Sanpaolo's new offices and a 45,000 sqm multi-tenant building. The district also includes 39,000 sqm of student housing, accommodating around 600 beds, and roughly 97,000 sqm of residential space providing 480 units under a cooperative model intended to deliver affordable living.
The project targets LEED and WELL certifications and is projected to complete in 2028. The article does not disclose total project cost or financing terms.
Hines is acting as co-investor and development manager. The project is described as the first privately funded initiative in the area. The approximately 250,000 sqm of land is held by the "Unione 0" fund, managed by Prelios SGR, with capital from Hines and an international investor.
The program is weighted toward office use, with 93,000 sqm planned. This includes a 48,000 sqm building for Intesa Sanpaolo's new offices and a 45,000 sqm multi-tenant building. The district also includes 39,000 sqm of student housing, accommodating around 600 beds, and roughly 97,000 sqm of residential space providing 480 units under a cooperative model intended to deliver affordable living.
The project targets LEED and WELL certifications and is projected to complete in 2028. The article does not disclose total project cost or financing terms.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.