AXA IM Alts, acting for its clients, begun construction of a c. 30,000m2 urban residential regeneration scheme in the San Siro neighbourhood of North West Milan. A ceremony today inaugurated the launch of the project in the presence of Mayor Giuseppe Sala and the Urban Regeneration Assessor of the City of Milan, Giancarlo Tancredi.
The project, designed by Studio Marco Piva, forms part of the broader regeneration of the Via dei Rospigliosi area located in Milan’s San Siro neighbourhood and will deliver 30,000m2 of residential units, of which c.50% will be affordable housing. Redbrick will act as development manager.
In line with AXA IM Alts’ sustainable investment approach, the apartments will be powered entirely by renewable energy sources and residents will benefit from on-site electric vehicle charging points. AXA IM Alts will also significantly expand the surrounding neighbourhood’s outdoor amenity by developing a 10,000m2 park with new footpaths, outdoor meeting areas and exercise facilities. Moreover, AXA IM Alts will improve local biodiversity by planting over 100 new trees and preserving three historic plane trees on-site, generating carbon savings of c. 10 tonnes per year. The project is targeting EPC Class A energy certification for the full scheme.
Image provided by FTI Consulting.