hines, porta nuova, presentation in wof green milan 2011

Strictly Private and Confidential

Porta Nuova World Office Forum

19th October 2011

2Strictly Private and Confidential

Section 1Porta Nuova


■ 1.5 km from Duomo; one of the most central areas in Europe undeveloped for more than 40 years

Location

4Strictly Private and Confidential 4

Mixed Development

■ Mixed development with 150.000 sqm of offices, 400 residential units, 40.000 sqm of retail and other services

Nuova sede del Comune

Porta Nuova Gardens

Nuova Sede della Regione

Stazione Garibaldi

Corso Como Brera

Piazza della Repubblica

Quartiere Isola


■ The most accessible site in Italy

■ High speed connections

■ Garibaldi Station

■ Central Station

■ 4 subway lines crossing Porta Nuova

■ 5 subway stops on Porta Nuova

Public Transport

M1M2

Trainlines from/toGaribaldi Station

M3

Cross Rail (Passante)M6 (planned)M5 (under construction)

M5 (under completion)

High speed trains plannedfrom/to Garibaldi Station

High speed trainsfrom/to Garibaldi Station

Trainlines from/toCentral Station

Direct Airport ShuttleTo Linate and Malpensa


Public Transport


■ Over 160.000 sqm of public and pedestrian areas

■ A park of over 90.000 sqm

■ 5 km of bike lanes

Bike lanes

Bike stations

Public Spaces


Connections with surrounding context

1

243

5

1. Corso Como connection

2. Circular Piazza

3. Connections to Garibaldi Station

5. Pedestrian bridge

2. Circular Piazza

4. Tunnel deck


Public Park - “La Biblioteca degli Alberi”

2007

2012

■ Park design by Inside Outside (Petra Blaisse)

■ First part opened in 2007; will be extended in 2012

■ Completion expected in 2013/14


Architectural Quality

■ 20 architects from 8 different nationalities have designed the Porta Nuova buildings


LEED Certification

§ Porta Nuova is one of the first pilot projects applying

LEED on large urban regeneration schemes in Italy

§ All office buildings are pre-certified LEED gold

US Green Building Council is the worldwideorganization leader in reserch, propagation andpromotion of the sustainable real estatedevelopment projects


Section 2Sustainability


Urban Sustainability

An undeveloped area for over 40 years in the centre of MilanGaribaldi

Varesine

Isola


■ Depressed rail track area undeveloped for decades / large urban fracture

■ Over 20 different owners (private and public)

■ Acquisition process by a single player (Hines)

■ Private and Public Partnerships with Municipality / Synergies between private and public sectors

■ Financial sustainability (national and international equity + debt from day zero)


Private Development Compound

Public Areas

From Private Owners

From Municipality

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■ Pedestrian areas, public park and cycle paths

■ Urban reconnection through high quality public spaces

■ System of cultural areas activating public spaces

■ Underground parking spaces and roads

15


LEED Certification

LEED was created to

■ Define “Green Buildings” by establishing a National Standard of measurement

■ Promote integrated, multidisciplinary design, construction and property management practices

■ Environmental leadership in the building industry

■ Green competition

■ Raise consumer awareness of green building benefits

■ Transform the building market

16

LEED categories of assessment

1. Sustainable Sites

2. Water Efficiency

3. Energy and Atmosphere

4. Materials and Resources

5. Indoor Environmental Quality

6. Innovation and Design Process


LEED: Sustainable site

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■ Decontamination of a brownfield site reduces pressure on undeveloped land

■ Local amenities for a dense urban site, establishing community connectivity

■ Alternative transportation:

§ public transportation§ bicycle storage§ pedestrian access§ accommodation for alternative-fuelled vehicles

■ Parking below grade and specifying high-albedo surfaces to reduce land heat

■ Environmental Studies (transport, pollution, etc) during construction and operations

Centrale

Moscova

Gioia

Repubblica

Isola

Garibaldi

LagostaSondrio

EnergyWatersSites

InnovationIndoor EnvMaterialsEnergyWatersSites





InnovationIndoor EnvMaterials


LEED: Water efficiency

■ Rainwater collection to irrigate landscaping areas

■ Dual-flush toilets, low-flow fixtures and automatic sensors

■ Non-potable water used for all HVAC systems

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EnergyWatersSites








LEED: Energy and atmosphere

■ Reduction in energy performance vs code-standard

■ Water to water heat pumps with ground-water cooling and heat recovery ventilation

■ Zero CO2 emissions on site

■ Building envelope glass performance optimization

■ Shading system façade performance

■ Building systems commissioning plan (on sustainable performance)

■ BMS and infrastructures for monitoring of real-time energy use

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EnergyWatersSites








LEED: Materials and Resources

■ Construction materials with a high percentage of recycled content

■ Materials manufactured and extracted locally

■ Wood-based products from certified forests

■ Significant % of recycling of construction and demolition waste

■ Dedicated recycling room for the storage and collection of recyclables

■ Also pneumatic garbage systems

20

EnergyWatersSites








LEED: Indoor environmental quality

■ Indoor Air Quality Plan (protect absorptive materials during the construction)

■ Increased ventilation rates to improve air-quality (above standards)

■ MEP systems designed to meet thermal comfort criteria (temperature and humidity)

■ Maximum flexibility & individual controls

■ Access to daylight and views to minimize artificial lighting

■ Low-emitting materials specified for paints, carpets, sealants, etc

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View from office buildings

EnergyWatersSites








LEED: Innovation and Design Process

■ LEED accredited professionals to follow full LEED programme

■ Imported LEED in Italy for the first time

■ Re-interpreted LEED requirements versus local codes, industrystandards, material and product supplies

■ Cradle to cradle (Bill Mc Donough)

■ Office vs residential in Isola

22

EnergyWatersSites








Section 3Porta Nuova Offices


BANK AND FINANCE

INSURANCE

MEDIA AND COMMUNICATION

CONSULTING

INDUSTRY

Porta Nuova – office district


Porta Nuova - Functions


Porta Nuova Garibaldi


Porta Nuova Varesine



Viale Liberazione

Office Main LobbiesRetail AreaCar EntranceTaxi Drop-Off


Porta Nuova Varesine Office Building 3 – Main Lobby


Porta Nuova Varesine Office Building 3 – Technical Specification

Main Lobby entrance V.le Liberazione

ArchivesParking

Office buildings are characterized by:

■ Centralized amenities

■ Flexible column free floor plans

■ Efficient modular floor plate

■ Core located in the center

■ Flexible combination of office space depth

■ Flexibility for cellular office layout or open space

■ Each floor could be divided into two independent portions

■ Terraces usable by tenants

■ Raised technical floors and false ceilings

■ Office ceiling height: 3,0 m (constant and without drops)

■ Suspended ceiling with modular metallic panels and recessed lighting

■ Cooling and heating: 4 pipe fan coil system with primary outside air

■ Sprinkler systems

■ Security and fire detection systems

Amenities



TEST LAYOUT – EXAMPLE WITH CELLULAR OFFICES

TEST LAYOUT – EXAMPLE WITH OPEN SPACE

Office buildings are characterized by:

■ Centralized amenities

■ Flexible column free floor plans

■ Efficient modular floor plate

■ Core located in the center

■ Flexible combination of office space depth

■ Flexibility for cellular office layout or open space

■ Each floor could be divided into two independent portions

■ Terraces usable by tenants

■ Raised technical floors and false ceilings

■ Office ceiling height: 3,0 m (constant and without drops)

■ Suspended ceiling with modular metallic panels and recessed lighting

■ Cooling and heating: 4 pipe fan coil system with primary outside air

■ Sprinkler systems

■ Security and fire detection systems


Porta Nuova Varesine Office Building 3 – Typical Floor


■ Founded in 1976

■ Headquartered in New York City with offices in London, Shanghai, Hong Kong, Seoul & Abu Dhabi

■ 551 staff, 30 languages & 75 LEED accredited professionals

■ Completed over 60 corporate headquarters in Europe, the US, Asia & the Middle East

■ Insurance/financial headquaters include:

AXA, AIG, Chicago Title, General Re, Barclays Capital, BlackRock ,CS First Boston, Citigroup, Fitch Ratings, Espirito Santo, Goldman Sachs, International Commerce Centre, Merrill Lynch, Morgan Stanley, NASD/NASDAQ, Ping An, Shanghai World Financial Centre

AIG headquartersLondon UK12,000 sq.m

Chicago Title & Trust Chicago, IL, USA213,676 sq.m

Tour First (formerly AXA)Paris, France87,000 sq.m

InternationalCommerce CentreHong Kong260,000 sq.m

Shanghai World Financial CentreChina382,000 sq.m

Hyundai Insurance HeadquarterBeijing, China50,000 sq.m

Primero FianzasInsurance CompanyMexico City, Mexico20,000 sq.m

CiV LifeMoscow, Russia50,000 sq.m

Main TowerFrankfurt, Germany60,000 sq.m

■ 100 offices in 17 countries worldwide with 3,300 employees

■ Approximately US$35.8 billion of real estate assets under management

■ Over 42.4million m2 real estate developed, under development, acquired or managed in 1,119 projects globally

■ More than 3,500 active tenant relationships globally

■ Since 1991, 28 funds with over US$ 15 billion equity have been launched

Track Record in Office Headquarters


Track Record in Office Headquarters

Samsung SeochoSeoul, Korea239,000 sq.m

Gannett/USA Today McLean, VA, USA76,000 sq.m

Abu Dhabi Media CompanyUAE204,000 sq.m

Telecom headquartersBuenos Aires, Argentina30,000 sq.m

IBM World HeadquartersArmonk, NY, USA26,000 sq.m

Gannett/USA TODAYMcLean, VA, U.S.A.75,000 sq.m

Sony Pictures (SPTIMoscow, Russia15,000 sq.m

Grupo MarsanasMadrid, Spagna23,000 sq.m

■ 100 offices in 17 countries worldwide with 3,300 employees

■ Approximately US$35.8 billion of real estate assets under management

■ Over 42.4million m2 real estate developed, under development, acquired or managed in 1,119 projects globally

■ More than 3,500 active tenant relationships globally

■ Since 1991, 28 funds with over US$ 15 billion equity have been launched

■ Founded in 1976

■ Headquartered in New York City with offices in London, Shanghai, Hong Kong, Seoul & Abu Dhabi

■ 551 staff, 30 languages & 75 LEED accredited professionals

■ Completed over 60 corporate headquarters in Europe, the US, Asia & the Middle East

■ Telecommunication headquarters include:

ABC -TV, Abu Dhabi Media Company, AT&T, Gannett/USA Today, HBO, Hong Kong Electrical, IBM, Samsung, Telecom (Argentina)


• Joint Investment Fund dedicated solely to the development of sustainable office buildings

• Case in point of the growing recognition that delivering a sustainable product can be both environmentally responsible and economically rewarding

Green Funds


Porta Nuova – Construction Site

hines, porta nuova, presentation in wof green milan 2011

Real Estate