Milaneo in Stuttgart received the ICSC Resource Award for sustainability

Milan, Italy, 2016-Apr-26 — /EPR Retail News/ — Milaneo in Stuttgart has received yet another prestigious real estate award. During the European Shopping Awards presentation gala of the International Council of Shopping Centres (ICSC) in Milan yesterday evening, the center, which was developed by the project partners ECE und STRABAG Real Estate (SRE), received a special award for sustainability: the ICSC Resource Award. Milaneo was thus honored for complying formidably with environmental, social, and economic sustainability aspects.

The ICSC European Shopping Center Awards have been presented every year since 1977 as an accolade for outstanding new or refurbished shopping centers in Europe. In addition, since 2007, the ICSC jury has been awarding the Resource Award in rare instances to projects which have demonstrated a particular long-term sustainable development and thus have proved eligible to receive this honor.

“We are pleased that Milaneo has received yet another award”, said Alexander Otto, CEO of ECE, during the awards celebration in Milan. “Together we developed a modern and future-proof shopping center that is an outstanding example for complying with various sustainability aspects.”

“At Milaneo, sustainability aspects are not limited to the building equipment. The center brings vitalization and its mixed-use character to the quarter. It is the driver of the sustainable development of an entire city district. Being awarded for this role is a great accolade,” said Uwe Jaggy, member of the Management at SRE, during the gala.

Milaneo, which was opened in October 2014, complied exceptionally well with various sustainability aspects including its eco balance, its land use, its life cycle costs, and its family friendliness. Together with the apartments, offices, and the hotel, which were developed by the project companies of Bayerische Hausbau as part of the quarter of the same name, Milaneo offers an attractive mix of shopping, working, leisure, and living. This way a new, vivid quarter was created with vibrant squares that combines important features such as retail, dining, offices, and living. Milaneo brought new life to an inner-city area that had been out of use for a long time. Furthermore, it contributes significantly to the sustainable development of the quarter.

In the past years, the Milaneo quarter has received several renowned awards including, for the shopping center, the MAPIC Award in the category “Best new Shopping Center” and the platinum certificate of the German Sustainable Building Council (DGNB) as well as the MIPIM Award in the category “Best Futura Mega Project” for the entire quarter. The shopping center was developed by the project partners ECE and SRE; the apartments, the offices, and the hotel were realized by the project companies of Bayerische Hausbau. Ed. Züblin AG was responsible for the building construction. Hamburg Trust is the equity capital partner for the shopping center and the underground parking garage. ECE handles the long-term management and leasing of Milaneo shopping center.

Award ceremony (f.l.t.r.): Stephen Lebovitz (ICSC), Tom McGee (ICSC), Uwe Jaggy (STRABAG Real Estate), Alexander Otto (ECE), Josip Kardun (ICSC), João Correia de Sampaio (Chairman of the jury); photo by ICSC/RowanO’Duff