Regenration scheme will see over 2,500 new flats built a 12-minuted commute from the capital’s city centre

Msg cgi

Lendlease has secured the role to develop the second phase of a €2bn (£1.5bn) mixed-use regeneration scheme in Milan, Italy.

The firm is already working on the €150m (£113m) first phase of the of the Milano Santa Giulia project as the development partner of a subsidary of property firm Risanamento SpA Group, which includes 30,000m2 of office space and 3,000m2 of retail space.

The scheme will also see over 2,500 new apartments built, as well a large city park creating a new district for the Italian city.

Dan Labbad, chief executive for international operations at Lendlease, said: “Milano Santa Giulia signifies a major step forward in Lendlease’s European story in line with our strategy to grow our integrated model into global gateway cities.”