Urbanpromo: the CDP Group plays a leading role in social housing

Urbanpromo: the CDP Group plays a leading role in social housing

Helping to provide an answer to the housing emergency of families, students living off-campus and self-sufficient seniors is one of the primary objectives of the Cassa Depositi e Prestiti Group, which is committed throughout the country – through CDP Real Asset SGR – to investing in social, student and senior housing, i.e. in low-rent housing solutions dedicated to these segments of the populace.

This was emphasised during the 21st edition of Urbanpromo, an event promoted by the National Institute of Urban Planning held in Florence on 5-8 November and dedicated to topics related to the development of cities such as social housing and urban regeneration.

To date the investment programme launched in 2010 and aimed at creating 19,000 social housing units and 7,000 temporary residential beds has largely been implemented and CDP Real Asset is now engaged in creating 10,000 new student beds in Italy and launching the student housing asset class, "a sector in which we are experimenting with intergenerational models that encourage the social interaction of the elderly with tenants of other age groups while also integrating housing solutions with services dedicated to their well-being”, explained Chief Executive Officer Giancarlo Scotti, speaking at the opening conference of Urbanpromo2024 on the government's Housing Plan.

During the event, it also emerged how CDP Real Asset's decision to operate through the fund-of-funds instrument – which invests in shares of third-party real estate funds, thus enabling compliance with the principle of additionality and complementarity with the market – has enabled a multiplier effect to be triggered in terms of the financial resources channelled to the projects and thus the impact generated. This was confirmed by three partner companies – COIMA, Finint and Praemia – which took part in a seminar on student housing organised by the CDP Group's asset management company.