PSP Investments and Lendlease partner on €2.5b Milan regeneration project

Lendlease, has established a long-term strategic partnership with PSP Investments, one of Canada’s largest pension investment managers, for the development and ownership of a €2.5 billion ($2.8 billion) urban regeneration project, Milano Santa Giulia, in Milan.

Milano Santa Giulia covers more than 110 hectares (272 acres) in the southeast of Milan. The project is split into two distinct areas to the north and south of a new mixed-use development that has the potential for up to 2,500 homes alongside a new commercial office, retail and entertainment district. It is only a 10-minute drive from Milano Linate international airport and 15 minutes from the city center, enjoying excellent connectivity by metro, rail and road across the city and beyond.

The development will be designed with sustainable principles including a zero-carbon target and WELL building standard certification. There will be 30 hectares (74 acres) of parkland, which will become the third-largest urb