A renaissance of area Q5 in Milan

A renaissance of area Q5 in Milan

Following the publication of an updated development plan of Milan, work with the area Q5 is continued. Construction of the project, located on the Via Privata M.F. Quintiliano in the east of the city, has been frozen pending the development of detailed rules. The project is a restructuring of an abandoned factory. First, the authorities approved the construction of hundreds of lofts: common practice to rebuild useless industrial building into dwelling. Now, after the announcement of the renovate plan, the project promoters can ensure that this place will create a full range of facilities, informs portal ee24.com.

The territory of Q5 is 12,000 square meters. It will include 23,000 square meters of residential and office space. It is planned to build six 7-storey buildings with underground parking. In total, 252 units will be allocated for housing, mostly A-class. A scenic park will be near the buildings. According to the plan, the building complex will have only positive traits: clean air, offices, shops, fitness centers, it locates near the highway, close to Aeroporto di Milano-Linate, one of the three airports of Milan, also the center is not so far. The object is not just combines everything you need for daily life and work, but also elevate a quality of life.

The company-builder Quintiliano expects to complete all work by June 2015. Approximate cost per square meter is €3,500, accounting for the same price category of housing on the nearby Via Mecenate. At the moment, about 15% of the objects has been already sold. Originally conceived as lofts, apartments retain the double-height ceilings and residential intermediate floors. "We have restored the area and completed the major work," said Mauro Pulega, CEO of EstCapital Sgr. Sudden "explosion" of the construction caused by an investing €25 million by Bnl - Nord Est.

The project of "Quintilian" is one of the five housing estates. Its investors are 4 of 16 real estate funds managed by EstCapital Sgr. Since 2010, the group had completed 6 residential neighborhoods (in total - 591 housings) placed in Milan, Padova, Vicenza, Venice's historic center and the Costa Smeralda in Sardinia.

Photo: casa24.ilsole24ore.com