(Finance) – The best bidder, the team, was identified today UnicreditHines and Prelios, for the sale of the disused Farini and San Cristoforo railway yards announced by FS Sistemi Urbani, the lead company of the Urban Center of the FS Italiane Group. The expected price of the selected offer amounts to 500 million euros. The completion of the operation will take place following the conclusion of administrative and approval processes according to the tender procedure and is expected by March 2024.
Due to its large size, the area has ample development potential, and is able to host private innovation services and functions of public interest, as well as a significant part of social housing as well as an extensive park. The transformation project proposes solutions that allow you to sew up the port area with the metropolitan one, canceling the boundaries between previously separate parts of the city.
With this operation, the urban regeneration program continues of the seven disused railway yards in the Lombardy capital, launched in 2017 with the signing of the “Scali Milano” Program Agreement by the FS Italiane Group, the Municipality of Milan and the Lombardy Region. The agreement was born with the aim of redevelop the former Farini, Porta Romana, Porta Genova, Greco-Breda, Lambrate, Rogoredo and San Cristoforo railway yards with a view to urban mending and allocating green spaces for aggregation for citizens for more than half of their total surface area.