Ardian, a world-leading private investment firm, and Investire SGR, a leading asset & investment management company in the real estate sector in Italy, announce that they have leased the entire property at Via Amerigo Vespucci 2 in Milan.

The 10-storey standalone property, spanning approximately 10,000 sqm, is undergoing extensive redevelopment as part of a major investment plan to create a cutting-edge structure focused on sustainability and innovation, qualifying it as a Net Zero Energy Building. The project is designed to minimize energy consumption and CO₂ emissions by integrating renewable energy sources, such as geothermal systems and rooftop solar panels. The building aims to keep emissions below 65 kWh/sqm and will achieve LEED Platinum, BREEAM Very Good, WELL Gold, Wired Score, and EPC A certifications.

The project has been designed by Stefano Belingardi Architetti – an Italian firm with a proven international track record. It features over 1,300 sqm of terraces offering unique views of Milan’s skyline, a rooftop with a 360-degree panoramic view of the city, a hidden 200-sqm inner garden, and an agora enhanced by a system of striking stepped platforms that create dynamic communal spaces for users.

The intervention has completely repositioned the property, addressing the growing demand for green office spaces in prime locations across Milan and Europe, amid an increasingly limited supply. This structural shortage is driving up rental values and reshaping the market, which is now more focused on assets in key urban areas that align with the evolving needs of tenants. In addition, the project has revitalized an iconic building in one of Milan’s most dynamic districts, widely recognized as a hub for urban innovation.

“This important lease is further recognition of the project’s quality and Ardian’s vision in promoting work environments that are sustainable, innovative, and focused on well-being. It has attracted top-tier international tenants thanks to a real estate development strategy focused on both energy performance and sensitivity to the surrounding urban context. The initiative forms part of a broader strategy aimed at creating new and lasting value through modern, efficient assets that are seamlessly aligned with the dynamics of today’s market.” Rodolfo Petrosino, Head of Real Estate Southern Europe and Senior Managing Director, Ardian

“Vespucci 2 is the demonstration that offices are far from dead; on the contrary, they continue to attract growing demand from multinational companies, particularly when located in prime areas and equipped with high environmental sustainability performance. We are observing this trend across major European cities, and it’s even more noticeable in Milan due to a lack of quality stock and a limited pipeline of future operations. We are particularly proud of this lease, confirming the strength of our investment strategy in this asset class and our team’s ability to deliver high-impact value-enhancement initiatives.” Matteo Minardi, Head of Real Estate Italy and Managing Director, Ardian

“We are proud to have supported Ardian in this transaction, aimed at enhancing a strategic asset in one of the most dynamic areas of Milan. Through an approach based on environmental sustainability, energy efficiency, and innovative design, we contribute to bringing back to the market a building capable of meeting the new demand for high-quality workspaces. When reimagined through an ESG lens, the office asset class continues to offer concrete opportunities to attract international tenants and generate value for investors.” Alessandro Polenta, Managing Director, Investire SGR

Dils and JLL advised Ardian on the transaction.