With a capital increase of €120 million, through a private equity transaction, Hines, together with Apollo and Clessidra have acquired a minority stake in HU holding SpA, the newly incorporated Human Company Group company.

The partnership, focused on the open-air sector of Human Company and operating through the brand hu openair brand, is a strategic and important move for the Group, ready to grow by going down an ambitious path geared towards enhancing existing facilities, as well as important new projects with the accent on sustainability and innovation.

The new hu Eraclea Village, located on the coast of the Veneto region, in Eraclea (in the province of Venice), is the first of the Group’s major investments. Expected to open by 2027, it aspires to become one of the most important and innovative tourist resorts in Europe. Developed over a total area of 250 hectares, the project is set to play a fundamental role in the relaunch and development of the micro-destination of Eraclea, by smoothly integrating the natural landscape with tourism infrastructures and the local community.

Eraclea Village will be fully connected with and open to the surrounding area, through a system of environmental, sports and recreational services that will help enhance the entire area. These will include an extensive network of cycling and pedestrian paths, ideal for making the most of the surrounding natural landscape and offering tourists a sustainable, inclusive experience.

Hines, Apollo and Clessidra were supported by YARD REAAS for technical and environmental aspects.