CDP Real Asset at MIPIM in Cannes: spotlight on urban regeneration projects for Rome

CDP Real Asset at MIPIM in Cannes: spotlight on urban regeneration projects for Rome

CDP Real Asset SGR featured this year at MIPIM 2024 in Cannes, the annual event bringing together the world’s leading Real Estate players. The asset management company was part of the Italian Collective – organised and run by the Italian Trade Agency (ICE) – together with Institutions, Regions, Local Authorities and Central Government Bodies involved in the process of internationalising Italian public real estate assets.

During the event, CEO Giancarlo Scotti took part in the round-table conference “Institutions, Visions & Tools for Urban Regeneration”, together with Rome’s Councillor for Urban Planning, Maurizio Velloccia, and others, focusing his address on urban redevelopment initiatives by CDP Real Asset in the capital.

In Rome, CDP Real Asset has seven key projects underway, worth a total of one billion euro, aimed at redeveloping a total of approx. 250,000 square metres of real estate sited across the various districts of the capital.

"The challenge we face, explained Scotti, is that of gauging real needs within the context of historical, heritage-protected buildings, where projects are needed to redevelop the assets while meeting the demands of users, general government and the private sector. Especially in the wake of the pandemic, demand is for next-generation office premises that prioritize workers’ welfare and are energy efficient and sustainable".

In his address, Scott presented two initiatives in particular, a direct redevelopment project and an indirect redevelopment project:

  • the first involves the Torri dell’Eur, an example of 1960s rationalist architecture designed by Ligini, which are set to become a Ferrovie dello Stato Group office complex with around three thousand work stations by 2026. The project preserves the existing volumes of the towers while replacing the original facades with high energy-performance solutions and transforming the layout of the premises to adapt the building to the spatial, environmental and comfort needs of contemporary office work;
  • the second targets the Guido Reni Barracks, located opposite the Maxxi Museum in Rome’s Flaminio quarter, a five-hectare-plus site formerly belonging to the Italian army. The site will be redeveloped into two sectors: a public area set to house the new Science Museum (approx. 20,000 sqm) and a private area of 45,000 sqm, which will be developed into housing units, retail spaces and hotel premises, while featuring a local library, green areas with facilities and car parks.
Giancarlo Scotti, CEO CDP Real Asset SGR