The Pragelato Ski Resort, located in the MilkySki district, in close proximity to the Apls and Turin, has been recently sold to HSBC Assurances Vie, for a price of about €50M. The resort, developed in 2006 in conjunction to the Winter Olympic Games, featured 234 units and 20 chalets, and has been encumbered with a long term lease contract with the Resort operator ClubMed.