Italy is attempting to turn its vast public property portfolio from an administrative burden into an instrument of urban regeneration.
Lo Stato ha un patrimonio enorme. Ora deve riuscire a usarlo.
Brief from the original article published here (in Italian) 👇
The Italian State Property Agency manages 45,415 assets worth an estimated €63.2 billion and reports €5.1 billion in investments activated since 2022, although only around one fifth has so far been completed. Its 37 “City Plans” cover 439 properties, 5.1 million square metres of buildings and extensive green areas, with projects ranging from former prisons and military barracks to hospitals, cultural sites and student accommodation. The strategy could reduce public-sector rents, limit further land consumption and bring abandoned areas back into daily urban life. Its credibility, however, will ultimately depend less on projected economic impacts than on implementation, transparent timelines and the long-term management of the regenerated properties.