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Qatar Holding acquires project in Milan

Qatar Holding acquires project in Milan
Photo Credit: Arabianeye-Reuters


Doha-Mubasher: Hines Italia announced in a statement that Qatar Holding, owned by Qatar Investment Authority, has boosted its stake in Milan's Porta Nuova project from 40% to 100%.


The project is worth of 2 billion euros, the statement highlighted, adding that Qatar Holding bought the stake from investors including Hines, insurer UnipolSai SpA and other investment funds, according to the statement. 

 

Among investors QIA bought out were Hines European Development Fund, Italian insurance company Unipol Sai, the funds MHREC and HICOF, and property companies COIMA and Galotti.