Qatar Holding Invests in Milan’s Porta Nuova Project

porto_milanIn the midst of troubling economic times, the skyline of Milan is rising. As Italy’s financial hub, Milan is home to the Italian Stock Exchange. The government of Qatar is keen on Italian real estate developments, especially mixed-used projects in highly-trafficked zones. Qatar Holding LLC, the sovereign wealth enterprise of the Qatar Investment Authority (QIA), is purchasing a 40% stake in Milan’s minted Porta Nuova business district through a subscription of newly issued shares. The Porto Nuova district is undergoing a massive economic renewal that will connect to Milan’s oldest business district, bordering Centro Direzionale di Milano. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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