PlusValue

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With Agenzia del Demanio, Officina per la rigenerazione dell'Immobile Pubblico

ESG strategies for Urban Regeneration

Milan

2023 - present

Urban Regeneration

Milan

2023 - present

Urban Regeneration

Research

Urban regeneration

PPP

Impact Investing

ESG

ESG strategies for Urban Regeneration: a public-private venture

Agenzia del Demanio and PlusValue, in partnership with Lendlease, Cassa Depositi e Prestiti and AREXPO, have established a collaborative working group on ESG strategies in urban regeneration and real estate.

A first workshop was organised in May 2023 to evaluate the current state of the art, drive innovation, and act towards implementing, integrating, and quantifying ESG criteria to create value in urban regeneration processes and foster sustainable real estate investments.

First insights:

  • Both private and public players are facing challenges in the application of the European SDFR with varying interpretations of “sustainable investment”, misalignments between adverse activity indicators (PAI) and sustainability-harming (DNSH) activities.

  • The public actor is essential for fostering impact-driven solutions: guiding the market, stimulating positive competitiveness, and looking at new mechanisms of impact-driven collaboration, incentives, and rewards.

  • The real estate sector must compare its development assumptions with emerging and changing societal needs, thus regenerating the existing catering to communities’ requirements.

  • The active participation of multiple actors shows a strong desire for collaboration, emphasizing the importance of forging public-private ecosystems and partnerships to drive innovation.

  • Evaluation and monitoring frameworks to date are too focused on the environmental dimension, neglecting all other aspects, starting with socio-economic and governance aspects.

  • The fulfillment of the social dimension remains complex but is the real opportunity.

Project Goals

Learn

from successes and mistakes together

Test

adaptable Assessment Frameworks for social impacts

Use

Open Data and Innovation for public-private growth

Create

innovative off-the-shelf financial tools for urban regeneration

“PlusValue is not a typical consultancy. Its dedication and seemingly unlimited network enable this team to deliver consistently superb results”

Andrea Ruckstuhl, Head of Continental Europe, Lendlease

Securing the investment

By balancing all the public and private goals, we created ideal conditions for the €4.5bn of investment, which underpins the MIND project. The intrinsic value created by our work now helps to protect the scheme from COVID shock.

Group 89 (2)
Group 89 (3)

Creating impact

Our network ensures the benefits of innovation in the district continue to enhance society. This affects every aspect of the scheme (e.g. reframing the presence of a prison into an opportunity for work inclusion). MIND is a beacon for similar EU projects.

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