COVIVIO (EPA:COV) - Covivio wins the international Reinventing Cities competition

Transparency directive : regulatory news

22/05/2019 19:30

PRESS RELEASE

Milan, 22 May 2019

Covivio wins the international Reinventing Cities competition with its "Vitae"
project located in Milan

Milan, 22 mai 2019 - Covivio has won the Reinventing cities competition, a
prestigious international tender for urban and environmental regeneration
promoted by C40, with "Vitae", a urban redevelopment project that will be
created on the Via Serio site in Milan.

The Reinventing Cities call for tender, involving fourteen cities around the
world, aims to launch a resilient and zero-emission urban regeneration,
focusing on 31 innovative projects with a high environmental value. 5 Milanese
sites has been selected by the C40. The one chosen by Covivio to conceive its
project is located near the Prada Foundation and next to the Covivio Business
District Symbiosis in the Porta Romana railway yard area, one of the most
promising and innovative districts under development in Milan.

Collective intelligence and mixed-use programmation at the heart of the Covivio
project Covivio's Vitae project has CRA - Carlo Ratti Associati, innovation and
design firm, and Habitech, environmental expert, as team leads. The project
involves partnerships with a number of top organisations based in Milan and is
characterised by an innovative process in the commitment of local players
within the architectural development. As an example, the Politecnico of Milan
Foundation will have the role of coordinator of all stakeholders involved in
the co-design project.

Mixed project, inspired by the social and architectural model of Chartreuse
(monasteries), proposes an architecture open to the city, vector of harmony
between private life and public life, individual spaces and shared spaces.

Vitae will create a mixed-use project spanning more than 10,000 m²: offices
space, spaces for public events will be flanked by centers dedicated to
business and areas dedicated to molecular and oncological research, with guest
accommodation for IFOM's international researchers all within an extremely
innovative, technologically advanced and cutting-edge environment from the
point of view of sustainability.

A showcase operation in terms of sustainability and innovation in order to face
the climate challenges
Thanks to an innovative technological system applied to the façade, its casing
will be able to adapt to the sun exposure guaranteeing the correct level of
shading and lighting depending on the exposure. Furthermore the highest floors
of the building in the NZEB category (Near Zero Energy Building) will be made
of wood with the aim of reducing energy consumption. On the ground floor, the
structure will host Horto, a project of CIR Food for sustainable catering with
a zero kilometer approach and a hydroponic greenhouse.

Thanks to the high performance expected in terms of sustainability and energy
efficiency, the project aims to reach the LEED Platinum and WELL Gold
certifications. Furthermore, the green area project aims to obtain the highest
level of the "BiodiverCity" label.

The project includes preletting agreements with partners IFOM and CIR Food.
Delivery is expected in 2022. The total budget of the operation is around
EUR40M and the forecast yield is around 7%.

The Vitae area, as well as the Fondazione Prada and Symbiosis, is also included
in the area selected for the European Sharing Cities program, part of the
Horizon 2020 program, which funds the transformation of the area into a "smart"
district, to respond to the main environmental challenges of the city,
including the reduction of polluting emissions from buildings. The district,
which also houses universities and research centers, is becoming increasingly
dynamic year by year, thanks also to the growing presence of business
incubators and start-ups, concert halls, hotels and catering facilities.

Alexei Dal Pastro, Chief Executive Officer Italia of Covivio, commented: "We
are particularly proud of this victory: it is the proof of the added value of
Covivio's competence, reflected in the most advanced project so far realized,
which combines, in an industrial context, the use needs of tenants with
advanced features of innovation and sustainability. At the same time, Vitae
proposes an open and complex project, which creates innovative offices, designs
new green spaces and is open to city life.
It is also an opportunity to activate through architecture a virtuous process
of cross-fertilization of all the expertise of the actors involved."

CONTACTS

Press Relations
Géraldine Lemoine
Tél : + 33 (0)1 58 97 51 00
geraldine.lemoine@covivio.fr

Investor Relations
Paul Arkwright
Tél : + 33 (0)1 58 97 51 85
paul.arkwright@covivio.fr

Laetitia Baudon
Tél : + 33 (0)1 44 50 58 79
laetitia.baudon@shan.fr

ABOUT COVIVIO
Thanks to its partnering history, its real estate expertise and its European
culture, Covivio is inventing today's user experience and designing tomorrow's
city.
A preferred real estate player at the European level, Covivio is close to its
end users, capturing their aspirations, combining work, travel, living, and
co-inventing vibrant spaces.

A benchmark in the European real estate market with EUR23 bn in assets, Covivio
offers support to companies, hotel brands and territories in their pursuit for
attractiveness, transformation and responsible performance.
Its living, dynamic approach opens up exciting project and career prospects for
its teams.

Covivio's shares are listed in the Euronext Paris A compartment (FR0000064578 -
COV) and on the MTA market (Mercato Telematico Azionario) of the Milan stock
exchange, are admitted to trading on the SRD, and are included in the
composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100
indices, in the "EPRA" and "GPR 250" benchmark European real estate indices,
EPRA BPRs Gold Awards (financial + Sustainability), CDP (A-), Green Star GRESB
and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120,
Eurozone 120, Europe 120 and France 20), Euronext(r) CDP Environment France EW,
Oekom, Ethibel, Sustainalytics and Gaïa ethical indices.
Covivio is rated BBB+/Stable outlook by Standard and Poor's.

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