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An Operational Protocol for the Valorisation of Public Real Estate Assets in Italy

Author

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  • Sebastiano Carbonara

    (Department of Architecture, G. d’Annunzio University, 65127 Pescara, Italy)

  • Davide Stefano

    (Department of Architecture, G. d’Annunzio University, 65127 Pescara, Italy)

Abstract

The Italian Treasury Department reports that a quota of the country’s public real estate assets, with an estimated value of some 63 billion euros, consists of properties not directly utilised by the State Government and is therefore available for decommissioning alienation; in other words, for adaptive reuse. Numerous legislative initiatives dedicated to this issue over the past 30 years have produced very few comforting results. A plausible explanation for these shortcomings can be traced to the gap between established regulatory principles and the possibilities/capacities of local institutions to apply them. Put another way, legislation and indications, many of interest, have not been supported by adequate economic, structural, and organisational resources. The underlying question is, what is the structure of the decision-making process behind the sale or redevelopment of real estate assets? Beginning with these premises, this paper proposes an operational Business Process Modelling protocol that develops three different indexes—urban values index (I vu ), use index (I ut ), and technical-maintenance index (I tm )—which may suggest three hypothetical scenarios of valorisation and three lines of action. A test of this model using a selection of public buildings owned by the City of Pescara showed it to be prognostic of some of the choices subsequently made by the municipal administration.

Suggested Citation

  • Sebastiano Carbonara & Davide Stefano, 2020. "An Operational Protocol for the Valorisation of Public Real Estate Assets in Italy," Sustainability, MDPI, vol. 12(2), pages 1-16, January.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:2:p:732-:d:310779
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    References listed on IDEAS

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    1. Bartłomiej Marona & Annette Van den Beemt-Tjeerdsma, 2018. "Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands," Sustainability, MDPI, vol. 10(11), pages 1-15, November.
    2. Camerin, Federico & Gastaldi, Francesco, 2018. "Italian military real estate assets re-use issues and opportunities in three capital cities," Land Use Policy, Elsevier, vol. 78(C), pages 672-681.
    3. Bartlomiej Marona & Annette van den Beemt, 2018. "Impact of public management theory on municipal real estate management in Netherlands and Poland," ERES eres2018_317, European Real Estate Society (ERES).
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    Citations

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    Cited by:

    1. Marzia Morena & Genny Cia & Alessandra Migliore & Stefano Mantella, 2021. "Exploring Tools for Public Real Estate Enhancement in Italy: From Criteria to Decisions," Sustainability, MDPI, vol. 13(2), pages 1-19, January.
    2. Lucia Della Spina, 2020. "Adaptive Sustainable Reuse for Cultural Heritage: A Multiple Criteria Decision Aiding Approach Supporting Urban Development Processes," Sustainability, MDPI, vol. 12(4), pages 1-20, February.
    3. Federico Camerin & Nicola Camatti & Francesco Gastaldi, 2021. "Military Barracks as Cultural Heritage in Italy: A Comparison between before-1900- and 1900-to-1950-Built Barracks," Sustainability, MDPI, vol. 13(2), pages 1-31, January.
    4. Rachele Grosso & Umberto Mecca & Giuseppe Moglia & Francesco Prizzon & Manuela Rebaudengo, 2020. "Collecting Built Environment Information Using UAVs: Time and Applicability in Building Inspection Activities," Sustainability, MDPI, vol. 12(11), pages 1-15, June.
    5. Alessandro Marucci & Lorena Fiorini & Chiara Di Dato & Francesco Zullo, 2020. "Marginality Assessment: Computational Applications on Italian Municipalities," Sustainability, MDPI, vol. 12(8), pages 1-17, April.
    6. Ginevra Balletto & Mara Ladu & Federico Camerin & Emilio Ghiani & Jacopo Torriti, 2022. "More Circular City in the Energy and Ecological Transition: A Methodological Approach to Sustainable Urban Regeneration," Sustainability, MDPI, vol. 14(22), pages 1-18, November.
    7. Augustinas Maceika & Andrej Bugajev & Olga Regina Šostak & Tatjana Vilutienė, 2021. "Decision Tree and AHP Methods Application for Projects Assessment: A Case Study," Sustainability, MDPI, vol. 13(10), pages 1-33, May.

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