Ashurst advised Lendlease Italy S.r.l. in its joint venture with Milano Santa Giulia S.p.A. ("MSG"), a subsidiary of Risanamento S.p.A., in connection with the development of the south area, an area of 33,000 square metres within the larger Milan Santa Giulia project and adjacent to the Sky complex.

The development will be implemented through a proprietary company, whose share capital will be owned 50% by Lendlease and 50% by MSG.

The transaction also includes an option right for Lendlease to purchase the Sky complex.

Partners Hugh Lumby and Donna Fleming advised on the transaction from London. The Italian team was led by partners Paolo Manganelli and Carloandrea Meacci, with assistance from Fabio Balza, Annamaria Pinzuti, and Anna Giulia Chiarugi.