Gioia22 first Italian tower certified NZEB, LEED and WELL.
27/6/2021
In June 2020, COIMA RES concluded a binding agreement for the purchase of a 10 to 25% stake in the Gioia 22 building. The closing of the transaction is scheduled for 2022 and is subject to the occurrence of certain conditions precedent. The exact shareholding fee will be determined by COIMA RES, at its own discretion, within the range indicated above, near the closing.
Gioia 22 is a building of 35,800 square meters over 26 floors above ground that was built after the demolition of the former-INPS building built in 1961 and vacant since 2012, after a decontamination that saw the removal of over 200 tons of asbestos.
The building, designed by the architecture firm Pelli Clarke Pelli Architects, is the largest in Italy to obtain Nearly Zero Energy Building (NZEB) certification as well as qualify for LEED, WELL and Cradle to Cradle certifications.
The property is equipped with over 6,000 sqm of photovoltaic panels integrated into the façade that, together with the use of groundwater, will allow a reduction in energy needs of 75% compared to traditional buildings1.
The energy produced by the photovoltaic system will be sufficient to meet the electric energy needs of 306 dwellings2. The property is part of the expansion to the northeast of the Porta Nuova district, an important urban regeneration project with over €1.5 billion investments managed by COIMA SGR at a distance of 10 minutes by foot from the high-speed railway stations of Milano Centrale and Milano Garibaldi.
Confirming the sustainability objectives of the project through dynamic simulation tools of the building's energy performance, it was possible to assess the positioning of this building in relation to the EU decarbonisation target.
COIMA started to track its annual emissions per meter square of surface with CRREM (Carbon Risk Real Estate Monitoring). This tool supports companies in comparing the environmental performance of buildings aligned with the Paris Agreements on decarbonisation and energy reduction of their portfolio.
This tool allows for the evaluation of specific types of building, which is particularly significant for COIMA RES’ portfolio consisting almost exclusively of offices.
Thanks to the technological solutions adopted, the total absence of fossil fuel use on site, the use of renewable energy for heating and cooling, and the energy production from the photovoltaic system, the resulting simulations show for Gioia 22 building emissions are approximately 50% lower than the current limit defined by European Union. Furthermore, by predicting the decarbonisation effect of the National electricity production, emissions for this building will further reduce over time.
