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QIA-supported Porta Nuova Project by COIMA SGR receives double gold rating in sustainability


-QIA has supported the development of the district since 2012

-Porta Nuova becomes first district in the world to receive both LEED and WELL sustainability certifications

-The district attracts some 10 million visitors every year

Milan, Doha, 20 October 2022:  COIMA SGR, a leading ESG-focused real estate investor, developer, and asset manager, announced today its Porta Nuova project, backed by the Qatar Investment Authority (QIA), received gold ratings in both LEED and WELL for Community certifications. This makes it the first neighborhood in the world to have both prestigious global sustainability certifications.

Supported by QIA since 2012, Porta Nuova in central Milan is the first urban redevelopment in history to achieve this double recognition. With more than 10 million visitors every year, it is recognized as one of Europe's leading urban renewal projects.

The district includes residences, shops, restaurants, and cafes, and attracts some 10 million visitors every year. It is home to the famous Bosco Verticale (Vertical Forest) residential towers, which have become a global symbol of sustainable urban development, as well as the Biblioteca degli Alberi di Milano (BAM) – translated as the ‘library of trees’ – the city’s newest and third largest park.

Ahmed Al-Hammadi, Chief Investment Officer for Europe at QIA, said: “QIA is proud to have worked with the COIMA team over the last ten years to support the Porta Nuova project and to see the social, environmental, and economic sustainability benefits it brings to the community. Investments of this type demonstrate QIA aims to have a positive impact through all our investments. The Porta Nuova district is testament to the impact of building long-term supportive partnerships between investors, authorities, and communities. We are confident that the LEED and WELL certifications will propel Porta Nuova to become a global example in sustainable living for future generations.”

Manfredi Catella, Founder, and CEO of COIMA SGR, said: "This is the result of a synergy between public and private sectors as well as our long-term strategic partnership with QIA, which has shared our objectives around sustainability and value creation. This is a key milestone for Milan and Italy, which today can claim it is home to the first sustainable and healthy neighborhood in the world.”