Milan Innovation District (MIND)

Milan, Italy

Milan Innovation District is to be a major new precinct for science, knowledge, technology and innovation. It is a multi-phased, mixed-use redevelopment featuring office, residential, retail, research, university and public space. Located on the former Expo site northwest of Milan’s city centre, the site benefits from excellent transport links and infrastructure.

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Milan Innovation District (MIND)

Completion Date
Expected completion 2032
Project Categories
Development, Construction, Investment & Digital
Estimated Value
$3.8 billion
Project Structure
Phase 1 - Joint Venture partnership with CPP Investments
Concession Agreement with Arexpo SpA Group
Project Scheme
100 hectare mixed use redevelopment including:
  • 355,000sqm office space
  • 1,125 apartments (100% for rent)
  • 34,000sqm retail

  • As at 31 Dec 2021. Estimated project value, details and completion date reported in Lendlease Half Year Results, 21 Feb 2022. Figures in AUD.

    Project outcome

    MIND is targeting ambitious sustainability ratings through high energy efficiency, the efficient use of water resources and using technology to support these ambitions. The impact of new buildings on the existing surrounds and the presence of green space and pedestrian areas are also key factors.

    The project intends to have a fully decarbonised grid with onsite solar power generation, refurbishment of existing buildings, and a target for all buildings to exceed requirements for energy performance by 20%. And, while targeting a 50% reduction in embodied carbon, 95% of construction waste will be diverted from landfill, with no more than 5% sent to landfill during operation by 2040.

    As part of this project, Lendlease has established a dedicated studio in Milan in partnership with Stora Enso, one of the world’s leading suppliers of sustainable timber.

    MIND is working in partnership with the Italian Ministry of Justice on Programma 2121, which provides training and job opportunities to previously incarcerated individuals. The overall MIND precinct is targeted to achieve LEED Gold sustainability standard, and both MIND West Gate and MIND Village are registered for LEED Cities and Communities.

     

    MIND represents an excellent opportunity for CPP Investments to extend our relationship with an experienced existing global partner.”
    - Andrea Orlandi, Managing Director, Head of Real Estate Investments – Europe, CPP Investments