A Chinese property group is
considering investing 300 million euros in a luxury development
in Milan.
Representatives from both China and Italy met on Tuesday at
the Milan Expo to discuss a project entitled 'Italy-China
Building The Future'.
Marco De Luigi, a representative from the property group
Sogim, Aldo Cingolani, the president of Bertone Design, and Zhu
Yuhua, a Senator in the Shanghai region of China, were present
at the meeting, which took place in the Chinese Pavilion at the
Expo.
According to the property groups involved in the
discussions, 300 million euros will initially be invested.
However, double that amount could be made available.
"Milan and Lombardy are hugely important areas of
business," Zhu said.
Meetings with Milan council are currently underway.
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