{"id":55365,"date":"2019-04-10T12:46:51","date_gmt":"2019-04-10T11:46:51","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=55365"},"modified":"2019-04-10T12:46:51","modified_gmt":"2019-04-10T11:46:51","slug":"lendlease-urbanisation-project","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/lendlease-urbanisation-project\/55365\/","title":{"rendered":"Lendlease to develop new \u20ac2.5bn district on former expo site"},"content":{"rendered":"<h2><a href=\"https:\/\/www.lendlease.com\/uk\/\">Lendlease<\/a> has signed an agreement to develop the <a href=\"http:\/\/www.mindmilano.it\/en\/\">Milan Innovation District<\/a>\u00a0(MIND), a major new district for science, knowledge and innovation on the former Expo site in Milan, Italy<\/h2>\n<p>The new agreement confirms <a href=\"https:\/\/www.pbctoday.co.uk\/news\/building-control-news\/lendlease-pay-manchester-cladding-bill\/53323\/\">Lendlease\u2019s position<\/a> as preferred development partner for the urbanisation project, which has an end value of c. \u20ac2.5bn. The project is a multi-phased, mixed-use redevelopment that is expected to include commercial, residential, retail and public realm.<\/p>\n<p>Financial close for the project is subject to <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/controversial-exeter-development-gains-planning-approval\/26086\/\">planning approval<\/a>. A decision is expected to be made later in the year. Once approved, work could begin as early as 2021 and is expected to take 15 years to complete.<\/p>\n<p>MIND is one of a number of major urbanisation projects Lendlease currently has underway within Europe. Others include London\u2019s Elephant Park, Euston Over Station Development and Silvertown Quays.<\/p>\n<p>Dan Labbad, CEO for Lendlease Europe, said: \u201cWork is already underway on our plan to create an exceptional new district in Milan. The Milan Innovation District is a scheme with huge potential and one where, working alongside our partner <a href=\"https:\/\/www.arexpo.it\/en\/homepage\">Arexpo<\/a>, we are looking to build a world-leading centre of scientific excellence alongside an outstanding and active mixed-use neighbourhood.\u201d<\/p>\n<p>Giovanni Azzone, president of Arexpo, declared: \u201cThis agreement is another important step forward for the Milano Innovation District, the area where the Expo Milano 2015 took place.\u00a0This\u00a0collaboration between Arexpo and Lendlease will provide the foundation of a top level international project, and a unique opportunity for Italy.&#8221;<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Lendlease has signed an agreement to develop the Milan Innovation District\u00a0(MIND), a major new district for science, knowledge and innovation on the former Expo site in Milan, Italy.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,997,967,579,15892,952],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-55365","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-development","9":"tag-eu","10":"tag-infrastructure","11":"tag-lendlease","12":"tag-planning"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lendlease to develop new \u20ac2.5bn district on former expo site<\/title>\n<meta name=\"description\" content=\"Lendlease is to develop the Milan Innovation District, a major new district for science, knowledge and innovation on former Expo site in Milan, Italy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/lendlease-urbanisation-project\/55365\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lendlease to develop new \u20ac2.5bn district on former expo site\" \/>\n<meta property=\"og:description\" content=\"Lendlease is to develop the Milan Innovation District, a major new district for science, knowledge and innovation on former Expo site in Milan, Italy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/lendlease-urbanisation-project\/55365\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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