Another bright day in Piazza Affari for Risanamento shares, which by mid-morning gained more than eight points, to 0,1517. On Wednesday, the stock had achieved a rise of more than 21%, while yesterday it had closed trades with a +18,54%, after once again ending up in a volatility auction.
The real estate company that deals with the development of Milano Santa Giulia has been rewarded by investors since rumors began to circulate - later confirmed - of an interest from Hines for the metropolitan area of the Lombard capital. The American group, one of the world leaders in the real estate sector, is led in Italy by Manfredi Catella and has already worked on urban development projects in Milan, in the Garibaldi-Repubblica area.
In a press release released at the request of Consob, Risanamento explained that "at the end of July there were initial contacts, concerning the Milano Santa Giulia area, between its financial advisor and Hines Sgr Spa". The company, however, "has not received any formal communication on the matter".
So the last word is not said. There are still several hypotheses at stake on how to enhance the 1,2 million square meters (of which 614 thousand are buildable) that Luigi Zunino, former president and CEO of Risanamento, wanted to transform into a luxury residential area.
Among other market items, there is also talk of an interest by Idea Fimit. The property management company would have examined the file and could come forward between September and October. Meanwhile, Risanamento has asked the project's lending banks for a moratorium on the repayment of the debt and interest until December 31, 2014.
