Lendlease builds partnership with Stora Enso

Friday 8 Oct 2021

The new partnership will see the two companies develop sustainable timber construction products at a new studio in Milan

International real estate group Lendlease has launched a partnership with a leading supplier of sustainable wood for construction, Stora Enso, in a bid to slash the embedded carbon from its buildings.

Announced late last week at an event in Milan, where the two companies plan to establish a new studio, the partnership will see the two companies accelerate the use of environmentally friendly construction products through collaborative research and the development of sustainable timber products.

A new studio will be built in Milan, where Lendlease has $7.9bn in urbanisation projects underway, to develop the sustainable timber products and facilitate their rollout across the company's European development projects, which are together worth $52bn.

The studio, dubbed Podium MX, will be based at the company's Milan Innovation District, which is being developed into a site for building technology projects and is to be powered by renewable energy sources.

The partnership follows 10 years of collaboration between the two companies on eight sustainable timber buildings, of which the 25 King office in Brisbane, Australia has been shown to reduce carbon emissions by 74 per cent or 5,000 tonnes.

Commenting on the partnership, Lars Völkel, executive vice president of Stora Enso Wood Products division, said: "We are delighted to strengthen our partnership with Lendlease, a true frontrunner in sustainable building solutions. Together we will lead the transition towards more circular, innovative and digitalized solutions to help speed up the construction industry's transformation."

Source: businessgreen

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