In an economic effort worth 180 million euros, the Fondo Porta Romana consortium formed by the triptych Coima SGR, Prada Holding and Leonardo Del Vecchio’s Covivio has won the area of the former Porta Romana airport in Milan at auction. The value of the deal is slightly higher than the average of previous non-binding offers. The airport, previously owned by the Ferrovie dello Stato, had previously been associated with bidders of the caliber of Axa, Castello SGR, Roundhill Capital, as well as the three winning groups, which initially had to run separately. But unity is strength, and thanks to this joint effort, they were able to win the auction. In total there were about 20 economic operators participating in the tender, which lasted 9 months, which saw 7 non-binding offers put on the plate before the right one arrived.
The former port of Porta Romana is definitely a strategic area, located in the south-east area of Milan, close to the historic center, which extends over almost 200 thousand square meters of surface. It is here that the Olympic Village for the 2026 Winter Olympics will be built, which, once the Games are over, will be converted into student accommodation. But in addition to it, numerous offices and residences will also be built, as well as a park that will extend over about half the area, that is about 100 thousand square meters. Prada will also use part of the area to build a laboratory. The development project will be selected through an international competition, the details of which have not yet been revealed.
Thanks to the construction of this new urban area, Milan will see an area currently disused recovered, and this will give the city a further push forward towards sustainability and the future, increasing its importance at European level and allowing it to rival the metropolises. most important of our continent. As for the railway, it will be buried, albeit partially, and hidden from view by artificial hills; the Porta Romana station will be connected to the M3 line of the city underground. Unlike what was previously announced, the city planning councilor Pierfrancesco Maran stated that the station will not be demolished and rebuilt, but simply modernized, eliminating the architectural barriers; it will also be possible to walk from Lodi station to the Prada foundation, saving about 15 minutes of walking.
The three companies that form the consortium are very interested in the area. In particular, Coima has invested almost 100 million euros in the past years to buy over 50 thousand square meters of nearby buildings and is the “manager” of the 21st century Milan skyline, Covivio, a real estate company headed by Del Vecchio, patron of Luxottica, he created Symbiosis, the business area where Fastweb is already located and where the pharmaceutical multinational Boehringer Ingelheim will soon move, while Prada has placed the roots of its Foundation here, which has given a real boost of vitality to the neighborhood and adjacent areas.
Olympic Village 2026
The Olympic Village will be the home of the athletes who will participate in the 2026 Winter Olympics, which will take place between Milan and Cortina d’Ampezzo. Its construction will have to finish in June 2025, a year before the start of the Games, so that everything will be abundantly ready when the Olympic torch is lit. To be exact, 1260 beds will be provided, divided into 70 single rooms and 630 double rooms.
The 2026 Winter Olympics will start on February 6 and end on February 22. Immediately after the closing ceremony, projects will begin to convert the Olympic Village into a student residence, thus trying to overcome one of Milan’s biggest problems from the point of view of an out-of-town university student: the chronic shortage of beds in the city. .