Transfer of Surface Rights
Arexpo company, controlled by the Ministry of Economy and subsidiary of the Municipality of Milan, Region Lombardia and Fondazione Fiera Milano.
Private Investor that Acquired/Leased the Public Asset
Ongoing public tender for the transfer of surface right for a maximum of 99 years upon payment of an annual rent to Arexpo in order to build on at least 250,000 sq.m of GFA (gross floor area).
Ongoing public tender to manage Expo 2015’s lands, which extend on 1.2 million sq.m.. The call envisages the realisation of a redevelopment project and the “lease” of the areas for 99 years. On 15 September 2017, two expressions of interest have been submitted: one by the group lead by Stam Europe and the other by the LendLease company.
The group that wins the tender shall pay an annual rent to Arexpo.