Lendlease and PSP Investments completed the formation of the $3bn Milano Santa Giulia joint venture.

Lendlease, an international property and infrastructure group, and PSP Investments completed the formation of the $3bn Milano Santa Giulia project, an urban regeneration joint venture. The joint venture is structured as a 50:50 deal. “We are very pleased to be partnering for the first time with PSP Investments. This joint venture demonstrates the value of the integrated model we work with and how our world-class urbanisation skills provide major capital partners with access to high-quality and diverse investment products on a global scale. Our strategy is to work with like-minded capital partners across our £26bn pipeline of urbanisation projects across the UK and Europe. These types of partnerships allow us to progress landmark schemes and we look forward to developing our relationship further as the project progresses," Tom Mackellar, Lendlease Europe CFO.