Il The real estate market in the San Siro area The new Inter and Milan are preparing to be overturned by the construction project of the stadium. The revenue agency estimates the residential and commercial impact in black and white, similar to the urban renewal undertaken in Milan with the birth of City Life. The forecast comes from a 130-page assessment of the area affected by the plant’s construction along the Meza, which was requested by Mayor Josep Sala, who returned to discuss the operation during that time, and residents. warned about the long-term work
Words by Giuseppe Sala
“I encourage the city council to consider – announced the mayor of Milan at a city event – the amount we will take I don’t want to take anything awayI hope they all stay in the area.
“The neighborhood will suffer some, The work will last for several years – warned Sala – first for the new stadium, then for the rest that will be built, so it is clear that it deserves to be rewarded with a different and better construction than the one built today”.
The construction of the new stadium at San Siro involves the purchase by Inter and Milan of approx. 280 thousand square meters Surrounded by the streets of Harar, Tessio and Achille, including Mezza and the surrounding squares and car parks.
The project, apart from the construction of a facility owned by the two clubs, also includes the construction of 98,000 square meters of buildings for offices, hotels and commercial space, which the revenue agency estimates could generate revenue. Approx 500 million euros.
This includes the creation of a large urban function plan, such as one that will organize the development of the Bovisa area through a new campus for polytechnic students.
The work does not include the creation of properties for residential use, but the entire area will inevitably be subject to the transformation of this part of Milan, with the new luxury spas of the San Siro, the reconstruction of the Hippodrome and the “former The stables will be replaced by new stately residences, eventually consisting of acreage. 500 thousand square meters.
A prime part of the city with skyrocketing apartment prices, as it turns out City life.
Estimation of property value appreciation
Revenue agency technicians cited the redevelopment plan for Milan’s Portello district as an example, pointing out how properties around the City Life shopping district were priced 45 percent above the surrounding areas. is high, costing per square meter. More than 11 thousand euros Against an average of 7,700 in the adjacent areas of Campione, Pagano or Washington.
According to estimates made in the evaluation, property values around the San Siro could increase after the construction of the new stadium. maggiore: The agency calculated that newly constructed residential and office premises could be sold at least. 4,700 euros per square meterGenerating over half a billion in revenue in six years.
As per the recent assessment of real estate advertisement portal IdealFurthermore, the redevelopment of the former trotting racecourse area may increase the value of existing buildings. By more than 30%.
