Established in 2023,
as a closed-ended real estate Italian Alternative Investment Fund reserved to professional investors, Lendlease MSG Heartbeat is co-invested by Lendlease MSG North Investment (Europe) Limited.
Investment strategy
A “value added” investment strategy of diverse assets, including:
- Prime and affordable residential
- Apartments for rent
- Retail
- Premium grade office buildings
- Hotel
- Municipal urban park
The Fund, which has a duration of 15 years, whose mission is the development of Milano Santa Giulia district, captures the resulting appreciation in value or increasing income through the identification of tenants and subsequently the holding of the properties leased.
Strong sustainability targets at building level and at district level.
Milano Santa Giulia
The property, located in the Milano Santa Giulia district, is one of the most important urban regeneration projects in Italy. Total area covers about 1,000,0000 sqm with building rights amounting to 670,000 sqm and a planned investment of Euro 2.7 billion.
The district is located in the southeast area of Milan, in a strategic position with respect to private and public transport, allowing the inhabitants to easily access various mobility options, including the Linate airport, the highways, trains and subways.
The Masterplan of the project covers MSG North Area which is located in the northern area of the district, that will allow it to benefit from the existing infrastructure - including Spark Business District - the construction of a new Arena, a large supermarket store, the new Milan Conservatory and the access to park in the future.
Alongside residences surrounded by greenery, under the sign of wellbeing and environmental sustainability, an innovative retail area and a set of services, the project will be a key investment opportunity capable of responding to housing and service needs for a sustainable and inclusive neighbourhood which is set to become a new centrality for Milan ahead and beyond the 2026 Olympic games.
Lendlease Advantage
Lendlease MSG Heartbeat leverages Lendlease’s global construction management, development expertise and investment management platform. This enables the Fund to secure high quality, environmentally sustainable assets in the Italian market.
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Responsible Property Investment
Lendlease MSG Heartbeat fund focuses on the future development of the Milano Santa Giulia district, which is a Milano Cortina 2026 Olympic venue. This fund seeks to deliver its target return through the repositioning of high quality, environmentally, and socially sustainable Italian real estate assets and infrastructure.
The approach to sustainability is guided by the Lendlease’s Responsible Property Investment Policy and Sustainability Framework.
Lendlease MSG Heartbeat participates in the social innovation project called Programma 2121 (www.programma2121.org) led by the Italian department of Justice, of which Lendlease is a strategic partner.
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Environmental, Social and Governance
The assets and district will be certified to Green Building Certifications that independently rate and verify the sustainability and wellbeing credentials of the project. Sustainable design solutions that will be implemented include:
- Use of rainwater for irrigation
- Use of materials with low embodied carbon emissions
- Climate resilient design to mitigate climate risks e.g urban heat island effect
- Inclusive urban community
- Ecological urban approach inspired by nature, offering unique spaces for people to congregate and relax, whilst simultaneously mitigating the worst impacts of climate change and supporting biodiversity
- Disclosure Articles
