Social housing for 200 new apartments to be launched in Milan

21 October, Monitor Immobiliare

A social and urban requalification project to build 200 new apartments in Milan’s Sarpi area has been presented by InvestiRE SGR (Banca Finnat Group), which manages the properties owned by Policlinico di Milano hospital, one of the investors of the project. The operation consists of an investment of €40 million to develop long-term rental and social housing units to meet the demand for housing in Milan.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

DeA Capital inaugurated a new social housing complex in Genova

05 May, Monitor Immobiliare

DeA Capital RE SGR inaugurated a new social housing project in Molassana, Genova, from the requalification of the former Boero industrial area. The residential complex consists of 140 new apartments implemented by DeA Capital through its fund Fondo Housing Sociale Liguria.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Hines launched new lot in MilanoSesto valued €1 bln

11 January, Monitor Immobiliare

Together with Cale Street, Hines launched the construction of the new lot Unione 0 in MilanoSesto with an investment of €500 million. The lot, which covers 250,000 Sqm, will offer residences, including affordable housing, offices, hotels and student halls. The project is expected to generate a turnover of approximately €1 billion.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

A former military barracks in Milan will be converted into houses

14 October, Libero Milano

The City of Milan approved the new plan to transform the former Mameli barracks into houses. After having been closed for a long time, the site will be used for social housing (330 units) and apartments for sale (220 units).

Source: Libero Milano

Translator: Cristina Ambrosi

Social housing project Sesto Smart Village inaugurated near Florence

27 September, Monitor Immobiliare

The social housing project Sesto Smart Village in Sesto Fiorentino (Florence) had been inaugurated, offering 140 homes. The project had been implemented through the funds Fondo Housing Toscano managed by InvestiRE SGR, which saw the Region of Tuscany among its investors, and Fondo Investimenti per l’Abitare FIA, managed Cassa Depositi e Prestiti.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Milan: the requalification of the old tobacco factory in Bicocca has started

25 November, Monitor Immobiliare

Following the sale of all its share capital with the support of Cbre, Manifatture Milano S.p.A., the joint venture of Focus Investments S.p.A. and CDP Immobiliare Srl, is about to launch the requalification of the old tobacco factory (Ex Manifattura Tabacchi) in Bicocca, Milan. With a 41,000 Sq m surface, the asset will be divided into four lots, accommodating homes, student halls, social housing and public services.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Milanosesto: co-investment agreement between the Kuwait sovereign fund and Hines

21 October, Il Sole 24 Ore

Kia-Kuwait Investment Authority, the Kuwait sovereign fund, will be the co-investor together with Hines for the development of Unione Zero, a part of the wider requalification project of Milanosesto (1.5 million Sq m). Hines and the Fund are expected to invest 500 million € in the area, which covers about 250,000 Sq m, to implement 11 buildings accommodating offices, hotels, apartments for rent, student halls and social housing.  Works will start by June 2021.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Turin: the new life of Cascina Fossata. Social housing, hotels and shops

26 November, La Stampa

After a long period of neglect, the area of Cascina Fossata, near Turin, will have a new life thanks to a social housing project. The works for the new Cascina Fossata were launched three years ago and cost 18 million euro. The project was implemented by the InvestiRE fund Fondo Fasp – Fondo Abitare Sostenibile Piemonte with Cassa Depositi e Prestiti among the main investors.

The new Cascina Fossata will offer 101 apartments divided between emergency accommodations for families, student housing and short-term rentals. There is also a 55-room hotel, including conference and meeting rooms. A Slow Food restaurant will also open soon in the area, along with artisanal shops, social and cultural activities and a park.

Source: La Stampa

Translator: Cristina Ambrosi

Milan: the relentless growth of new construction

04 August, Corriere della Sera

Nomisma reports that Milan had attracted residential investments for 54% (2.8 billion euro) in the first half of the year. In the city, prices for new construction rose by 1.8%, against the 0.2% in the rest of the country, while dated properties increased by 1.9%, against the 0.3% of the national average. Properties cost 40% more than in the other Italian cities; rents are 35% more expensive.

What drives Milan residential market is the resuming of new construction, as seen in Porta Nuova and CityLife. According to Abitare.Co, houses currently under construction represent 22% of the whole market.

Social housing is another critical theme for the city. The requalification plan of the seven railway yards, covering a surface of 204 thousand Sqm, implies the implementation of affordable housing for 2,600 units. The demand, however, is way higher.

Source: Corriere della Sera

Translator: Cristina Ambrosi

Green spaces, social housing and hostels: urban renewal in Milan

23 May, Il Sole 24 Ore

With its participation in the international contest “Reinventing Cities”, Milan is pursuing the way of sustainable urban regeneration. Some of the projects are the implementation of social housing in Scalo Greco, the creation of an oncology research centre in Via Serio, and the requalification of the historic building of Scuderie de Montel in San Siro.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi