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Exploring Tools for Public Real Estate Enhancement in Italy: From Criteria to Decisions

Author

Listed:
  • Marzia Morena

    (Department of Architecture, Built Environment and Construction Engineering, Politecnico di Milano, Via Bonardi 9, 20133 Milan, Italy)

  • Genny Cia

    (Department of Architecture, Built Environment and Construction Engineering, Politecnico di Milano, Via Bonardi 9, 20133 Milan, Italy)

  • Alessandra Migliore

    (Department of Architecture, Built Environment and Construction Engineering, Politecnico di Milano, Via Bonardi 9, 20133 Milan, Italy
    Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Via Lambruschini 4/b, 20156 Milan, Italy)

  • Stefano Mantella

    (Department of Real Estate Strategies and Innovation, Agenzia del Demanio, Via Barberini 38, 00187 Rome, Italy)

Abstract

The debate on public real estate enhancement is prominent and requires innovative strategies to assure economic and social sustainability. This article aims at systematizing the currently available methods and tools of public property enhancement in Italy, proposing a system of criteria to support the public administration (PA) in the decision-making process when managing public real estate enhancement oriented towards public utility. Namely, this article considers and assesses consolidated and innovative public real estate enhancement methods and tools currently available to the Italian PA according to the “endogenous criteria” of the real estate tools and “criteria of purpose” of the public administration promoting the enhancement process. The final aim is to support the decision-making process of PAs and help both public and private actors in grasping and managing the complexity of public real estate enhancement. An overview of the literature and of reference laws on public property enhancement builds the research framework, together with a path of research, dialogues, and fieldworks with the Italian State Property Agency ( Agenzia del Demanio ). The decision-making process of PAs for selecting a suitable enhancement strategy or tool should rest on endogenous criteria and criteria of purpose. Specifically: (i) the distinct technical features of each public asset; (ii) the public utility aim that the public entity intends to pursue; (iii) the needs of the community (i.e., the demand); (iv) the skills available within the PA that promotes the strategy.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:2:p:622-:d:478205
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    References listed on IDEAS

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    1. repec:arz:wpaper:eres2009-327 is not listed on IDEAS
    2. 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.
    3. Alessia Mangialardo & Ezio Micelli, 2020. "Reconstruction or Reuse? How Real Estate Values and Planning Choices Impact Urban Redevelopment," Sustainability, MDPI, vol. 12(10), pages 1-15, May.
    4. Linda Andersson, 2009. "Cooperation Between Public and Private Players in the Swedish Public Real Estate Sector: Motives and Contract Types," ERES eres2009_327, European Real Estate Society (ERES).
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    Cited by:

    1. Sebastiano Carbonara & Marco Faustoferri & Davide Stefano, 2021. "Real Estate Values and Urban Quality: A Multiple Linear Regression Model for Defining an Urban Quality Index," Sustainability, MDPI, vol. 13(24), pages 1-17, December.
    2. Gross, Marta & Wolny-Kucińska, Ada, 2021. "Public real estate resource – A burden or a source of income? A study of municipal land management in Poland," Land Use Policy, Elsevier, vol. 106(C).

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