An investment of over 250 million to redevelop a total area of 130 thousand square meters: it is the latest operation by Borio Mangiarotti, a real estate development company, and Bain Capital Special Situations, a global team of investors, in partnership with the investment company, Hines real estate development and management. The protagonist is the Extm urban regeneration project, which will give a new face to the Ex Trotto Milano area, abandoned since 2012.
“We are happy to be able to collaborate with Hines, participating in this important redevelopment project which will lead to the creation of a neighborhood of excellence, unique in the Milanese panorama,” he states Edoardo De Albertis, CEO of Borio Mangiarotti. “Our intervention will be based on the highest standards in terms of innovation and environmental sustainability, as well as the best architectural and living quality”.
The project is designed to respond to the housing needs of the city of Milan and fill the lack of neighborhood commercial activities and local services in the area north of the neighborhood.
The front door of the new district will be an urban market of approximately 3.600 square meters, flanked by local commercial services and educational and sports services, all for a total area of approximately 12.000 square meters. The market will find space in the listed buildings of the former stables, which overlook Piazza Axum and, in collaboration with the Municipality of Milan, will promote the Good Work policy and social reintegration at a local level to encourage the creation of new jobs in the neighborhood. Inside it will be possible to find 0 km products and quality local craftsmanship but also meeting spaces that will encourage sociality and the development of a sense of community.
The local commercial services will be located on the ground floor of the newly built residential properties, in line with the "15 minute city" model promoted by the Municipality of Milan.
Along Via degli Aldobrandini, in the former barns, there will be new educational services for the community (1.500 m60), as well as the energy center that will power the area. In particular, the former central barn will be converted into a nursery for around 50 children, with 125% of the places available at an agreed upon rent, which will be rented to a specialized operator already active in the city of Milan, while in the area of the former barn to the north of the area, a structure will be located that will host a free after-school service for high school children, with educational activities of study assistance, aggregation and listening. To complete the offer of new educational services there will also be the construction of a municipal public school for children in the lot owned by the Municipality of Milan, to the north-west of the area, with an estimated capacity of approximately XNUMX pupils.
“The “EXTM” project embodies the key principle that inspires all our urban regeneration interventions, that is, offering a social response to citizens' needs, with particular attention to the weakest sections of the population", underlines Mario Abbess, senior managing director & country head of Hines in Italy. “We focus on projects that have the aim of restoring dignity to all those areas of our cities where today adequate access to local services is not guaranteed and it is not possible to take advantage of the presence of social gathering places that foster the sense of community . These are often areas that have been abandoned for decades and boast a historical memory which, as in the case of the Ex Trotto Milano, represents a value to be preserved in the construction of the future identity of what will be a new urban district open to the city, inclusive and sustainable , which we hope can represent an innovative development model for other realities."
The investment is approx 450 million euro over the next four years and affects an area of 130.000 square meters owned by the fund Invictus - handled by Prelios SGR – which will be reopened to the neighborhood thanks to a network of pedestrian and cycle connections and intended for approximately 50.000 square meters to the creation of a new park, designed by the international studio Country, with 700 new trees, shrubs and public spaces.
“In this urban quadrant a little more than a year ago we created Mosaico: an area study halfway between city planning and executive, implementation projects. We felt the need to define these studies because there is often a lack of vision of the territory" explained the councilor Urban regeneration Giancarlo Tancredi. “Mosaico identifies 12 interventions that have the aim of creating the local city. With these resources from the Ex Trotto plan, approximately 6 million will be directed to Via Rospigliosi, Piazza Arar, Piazza Esquilino, Piazzale Segesta for the redevelopment through traffic reduction interventions, creation of cycle paths, implementation of pedestrian spaces. In this way, even neighborhoods with very different social compositions will be able to dialogue, as already happens in other neighborhoods of Milan".
