Linklaters advises PSP Investments on strategic partnership with Lendlease for €2.5bn. Milano Santa Giulia project

Linklaters has advised PSP Investments on a strategic partnership with Lendlease for the €2.5billion development and ownership of a major urban regeneration project, Milano Santa Giulia, in Milan.

Milano Santa Giulia covers more than 110 hectares in the southeast of Milan. The project has a GDV of €2.5bn and is split into two distinct areas to the north and south of a new mixed-use development that has the potential for up to 2,500 homes alongside a new commercial office, retail and entertainment district. 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.

The Linklaters team was lead by corporate real estate partner, Tom Watkins and included counsel, Siobhan Burton and managing associate Matthew Plaskow.