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

Marzia Morena, Genny Cia, Alessandra Migliore and Stefano Mantella
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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
Stefano Mantella: Department of Real Estate Strategies and Innovation, Agenzia del Demanio, Via Barberini 38, 00187 Rome, Italy

Sustainability, 2021, vol. 13, issue 2, 1-19

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.

Keywords: public property; public utility; public real estate management; enhancement of public real estate; public assets; decision-making; effectiveness; economy; efficiency (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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