Lendlease MSG 1 (Italy)
Established in 2020, Lendlease MSG 1 (Italy) is co-invested by Lendlease and one of its institutional investment partners.
The Fund seeks to deliver superior risk-adjusted core returns through the forward funding and long-term ownership of premium grade office buildings and retail within Milano Santa Giulia, a new district of Milan.
Investment strategy/Ambitions
Forward fund and long-term ownership of premium-grade office buildings with ground floor retail spaces in Milano Santa Giulia.
Property portfolio
Forward funding development of two office buildings, Spark 1 and Spark 2.
- The Spark 1 building will feature a Gross Lettable Area (GLA) of approximately 32,000 sqm, and Spark 2 will feature a GLA of approximately 19,000 sqm.
- Featuring the highest standards of interior design and energy performance, the buildings will also boast spacious green areas, plenty of natural light, interactive co-working spaces and a gym. They will also feature up to ten food retail units, serving these buildings and the wider neighbourhood.
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Lendlease advantage
- Lendlease MSG 1 (Italy) leverages Lendlease’s global contruction management, development expertise and investment management platform.
- This enables the Fund to secure quality, environmentally sustainable assets in the Italian market.
Milano Santa Giulia
Milano Santa Giulia covers more than 110 hectares in the south-east of Milan. This mixed-use development has the potential for up to 2,500 homes alongside a new commercial office, retail and entertainment district. It is only a ten-minute drive from Milano Linate International airport and fifteen minutes from the city centre, 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 c.30 hectares of parkland, which will become the third largest urban park in Milan.
Responsible Property Investment
Lendlease MSG 1 (Italy) acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with Lendlease’s key sustainability objectives.
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Global Real Estate Sustainability Benchmark (GRESB)
Lendlease MSG 1 (Italy) is commited to participating in GRESB. Its first submission will be made in 2022/2023
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Green Building Certification
Target Ratings of assets
ASSET LEED CORE & SHELL WELL CERTIFICATE Spark One Platinum Level Gold Level Spark Two Platinum Level Gold Level
Contact
For more information about Lendlease MSG 1 (Italy) Fund please email LendleaseSGR@lendlease.com