Cushman & Wakefield with CPPIB in an important investment for the new "Milan Innovation District"
Carlo Vanini • 03/08/2021
The partnership with Lendlease (the other co-investor of the fund) is a step of fundamental importance for the development of the former EXPO 2015 AREA, which is poised to become the largest district for innovation and life science in all of Italy, and one of the most important in Europe, partly thanks to its unique synergies between important private and public institutions.
The whole district will comprise over one million sqm, including public and private institutions such as: the Human Technopole, the new “Statale University” campus and the “IRCSS Galeazzi” Hospital. The private component, which accounts for approx. half of the whole development, will integrate these public anchors with a specially designed functional mixed-use including, amongst others: office space, laboratories, residential, student housing, hotels and neighborhood retail.
The entire development, centered on innovation and life science, will also have a specific and integrated focus on sustainability, not only through the construction of cutting edge buildings, but also with regards to innovative public mobility solutions and public space management.
Carlo Vanini, Head of Capital Markets Italy, comments: “we are extremely proud to have assisted CPPIB on this important investment, which demonstrates how international investors are increasingly looking for opportunities in alternative asset classes such as Life Science, and how Italy, and in particular this area of Milan, are once again amongst the most attractive international locations”.
David Hutchings, Head of EMEA Investment Strategy, adds: “We are working with clients across Europe in identifying life science opportunities and Italy has been under represented for many despite it’s obvious potential and research track record. This ground breaking scheme by Lendlease and CPPIB will significantly help to fill that gap and put Milan in particular firmly on the life science map.”
Cushman & Wakefield Health Challenge: A Project that Combines the Welfare of its Employees with the Wellness of the Planet
The first edition of the “Cushman & Wakefield Health Challenge 2021” was successfully concluded. The initiative was launched in Italy, following the World Day for Safety and Health at Work, on April 28th.
Paola Mangia • 16/07/2021
Cushman & Wakefield and GVA Redilco, assisted Hines as advisors in the sale of ’Crespi 26’, an independent, modern building in Milan.
Raffaella Pinto • 14/07/2021
The desire to go shopping in shopping centres is growing, thanks to the vaccination campaign that is proceeding quickly and a general improvement in sentiment, confirmed by the data on visitor flows recorded in the first 3 weeks of reopening on holidays and pre-holidays.
Paola Mangia • 13/07/2021
Insights • AI