Transfer of Surface Rights

Owner

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).

Acquisition/Lease Procedure

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.

Selling Costs

The group that wins the tender shall pay an annual rent to Arexpo.