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Qatar Holding Takes Stake in Hines Italia's Porta Nuova Project

The project includes the development of both business and residential luxury buildings in Milan’s namesake district.

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QATAR INVESTMENT: Qatar Holding LLC, the global investment fund founded by the Qatar Investment Authority in 2006, has signed an agreement with Hines Italia Sgr, a Milan-based company managing several real estate assets, to acquire a 40 percent stake in the Porta Nuova project, which includes the development of both business and residential luxury buildings in Milan’s namesake district. This is only the latest of several real estate investments made by Qatar Holding LLC in the country. They include the purchase of Florence’s exclusive Four Seasons Hotel and of four luxury hotels in Sardinia’s high-end Costa Smeralda beach resort.

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