The Steering Committee for the enhancement and disposal of Public Real Estate Assets was established on November 7, 2024 by the Minister of Economy and Finance Giancarlo Giorgetti and the Undersecretary of the MEF Lucia Albano. Key figures in attendance included the Secretary General of the Prime Minister’s Office Carlo Deodato, and advisors on social policies and budget policies. The Committee aims to efficiently manage public assets, especially in light of new European budget rules and the government’s commitment to budget adjustment. The Minister stressed the importance of collaboration between all stakeholders, including the private sector, to ensure the effectiveness and sustainability of public policies in the face of global challenges.

The establishment of the Steering Committee is a significant step towards the systematic enhancement and disposal of public real estate assets in Italy. The Committee’s activities are part of the government’s responsible and prudent approach to public finance management, aimed at fostering economic and social stability. By utilizing data and engaging with various stakeholders, including the private sector, the Committee seeks to optimize the use of public resources, attract investments, promote urban regeneration, and involve social entities in the process. The disposal of unused or underutilized public real estate assets is seen as a strategic opportunity to generate value, reduce public debt, and support sustainable economic development, particularly for vulnerable groups.

President of Remind National Association of the Extended Real Estate Sector Paolo Crisafi emphasized the importance of the government’s actions in the field of industrial real estate policies, highlighting the potential of enhancing and disposing of public real estate assets based on global best practices. The focus on economic efficiency, environmental protection, cultural relevance, and social inclusion aligns with the UN principles and aims to improve the well-being of individuals in their living and working environments. Innovative policies for regenerating public real estate assets can enhance urban security, livability, and aesthetic quality by addressing social needs and reducing energy consumption and emissions.

The collaboration between the Minister of Economy and Finance Giancarlo Giorgetti, Undersecretary Lucia Albano, and other relevant ministries and stakeholders in the public real estate sector is expected to drive positive change aligned with the government’s sustainability and economic development goals. The contribution of Vice Minister of Economy and Finance Maurizio Leo is crucial in addressing fiscal challenges impacting both public and private real estate sectors. The initiative is not only about enhancing public real estate assets but also about positively influencing the broader real estate sector, including infrastructure and mobility, which are essential pillars of the national economy.

Overall, the Steering Committee’s establishment signals a new era of strategic planning for the enhancement and disposal of public real estate assets in Italy. By focusing on efficiency, sustainability, and social inclusion, the Committee aims to create value from underutilized assets, support economic growth, and promote urban development in alignment with global best practices and UN principles. The collaboration between government officials, industry experts, and social stakeholders is crucial for the success of this initiative, which has the potential to transform public real estate landscapes, improve urban quality of life, and contribute to long-term economic prosperity.

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