Real Estate Assets for Social Impact: The
Case of the Public Company for Social
Services “ASP City of Bologna”
Angela S. Pavesi, Andrea Ciaramella, Marzia Morena and Genny Cia
Abstract In 2016, the Public Company for Social Services of the Municipality
of Bologna “ASP City of Bologna” requires the ABC Department to analyze its
huge real estate portfolio with the aim to identify efficiency strategies to free up
resources to be reinvested in the offer of personal social services. Corporate governance sets up its strategy by coherently matching: the statutory values, the corporate
mission and the growing need to respond to the needs expressed by the community
in terms of providing personal services. The collaboration found strong foundations
of understanding in the intention to pursue the mission of general social interest with
environmental and economic sustainability, in a research path that made explicit the
values of transparency and accountability of the Company. On the one hand, the
research outlined the levers for making management, resources and processes more
efficient, and on the other, strategies for enhancing assets in a social and circular
economy perspective (see Bilancio Sociale ASP 2017).
Keywords Evaluation and enhancement of real estate assets · Management
optimization of public company · Real estate infrastructure for personal services ·
Models for the management of real estate assets · Social economy and circular
economy
1 According to the ASP Statute, the Shareholders’ Meeting monitors and controls the ASP’s activity
and performs various functions including: “[…] defines the general guidelines of the ASP; approves
the transformation of the assets from unavailable to available, as well as the disposals of available
assets […].”
A. S. Pavesi (B) · A. Ciaramella · M. Morena · G. Cia
Architecture, Built Environment and Construction Engineering—ABC Department, Politecnico di
Milano, Milan, Italy
e-mail: angela.pavesi@polimi.it
© The Author(s) 2020
S. Della Torre et al. (eds.), Regeneration of the Built Environment
from a Circular Economy Perspective, Research for Development,
https://doi.org/10.1007/978-3-030-33256-3_9
77
Case of the Public Company for Social
Services “ASP City of Bologna”
Angela S. Pavesi, Andrea Ciaramella, Marzia Morena and Genny Cia
Abstract In 2016, the Public Company for Social Services of the Municipality
of Bologna “ASP City of Bologna” requires the ABC Department to analyze its
huge real estate portfolio with the aim to identify efficiency strategies to free up
resources to be reinvested in the offer of personal social services. Corporate governance sets up its strategy by coherently matching: the statutory values, the corporate
mission and the growing need to respond to the needs expressed by the community
in terms of providing personal services. The collaboration found strong foundations
of understanding in the intention to pursue the mission of general social interest with
environmental and economic sustainability, in a research path that made explicit the
values of transparency and accountability of the Company. On the one hand, the
research outlined the levers for making management, resources and processes more
efficient, and on the other, strategies for enhancing assets in a social and circular
economy perspective (see Bilancio Sociale ASP 2017).
Keywords Evaluation and enhancement of real estate assets · Management
optimization of public company · Real estate infrastructure for personal services ·
Models for the management of real estate assets · Social economy and circular
economy
1 According to the ASP Statute, the Shareholders’ Meeting monitors and controls the ASP’s activity
and performs various functions including: “[…] defines the general guidelines of the ASP; approves
the transformation of the assets from unavailable to available, as well as the disposals of available
assets […].”
A. S. Pavesi (B) · A. Ciaramella · M. Morena · G. Cia
Architecture, Built Environment and Construction Engineering—ABC Department, Politecnico di
Milano, Milan, Italy
e-mail: angela.pavesi@polimi.it
© The Author(s) 2020
S. Della Torre et al. (eds.), Regeneration of the Built Environment
from a Circular Economy Perspective, Research for Development,
https://doi.org/10.1007/978-3-030-33256-3_9
77