Real Estate Assets for Social Impact: The Case of the Public …
79
2 The ASP Città di Bologna Mission and Its Real Estate
Portfolio as a Social Infrastructure for a Resilient City
ASP Città di Bologna is the Public Company for Social Services of Bologna set up by
resolution of the Council of the Emilia-Romagna Region no. 2078 of 12/23/2013 following the merger of the Public Company of Poveri Vergognosi, the Public Company
of Servizi alla Persona Giovanni XXIII, and the Public Company of IriDes.
ASP is a non-economic public entity governed by regional law, with legal status
governed by public law, statutory, managerial, patrimonial, accounting and financial
autonomy, within the framework of rules and principles established by regional
law and regional indications. It is a non-profit organization. The ASP partners are
the Municipality of Bologna (97%), the Metropolitan City of Bologna (2%), and
Fondazione Carisbo (1%).
Art. 4 of the Statute shows the mission of the Company: “ASP has as its purpose
management and provision of social, social-health services to elderly, adult and
minor persons who are in conditions of difficulty, hardship, disability or non selfsufficiency, according to the different needs defined by local programming”.
To pursue its statutory mission, ASP owns heterogeneous real estate portfolio,
deriving from bequests and inheritances and is distinguished in available or unavailable assets depending on whether it is alienable or not. This subdivision comes from
the, i.e., art. 5 paragraph 1 of the Regional Law 12/2013 and provides:
– buildings used to pursue statutory and welfare purposes, i.e. unavailable assets;
– assets which, in consideration of their valuable characteristics, or because they
are susceptible to entrepreneurial use, are destined to income and to support the
provision of services of social initiatives, i.e., assets available for income;
– buildings used for: housing needs, social activities, activities carried out by nonprofit entities, i.e., assets available for housing needs;
– agricultural assets destined to favor youth entrepreneurship or made available to
non-profit entities that perform social recovery and assistance purposes for weak
subjects, i.e., social agricultural assets;
– and historical and artistic heritage.
The assets characteristics have been made explicit in a quantitative and qualitative desktop analysis carried out by the research group alongside ASP, which was
subsequently optimized in properties evaluation phase.
From a quantitative point of view and according to the survey concluded in October
2017 (see Table 1), the ASP real estate portfolios consist of 1462
5 real estate units—
located mainly in the city of Bologna, about 2000 ha of agricultural land and about
130 farm buildings—located in the province of Bologna.
6
5 Dynamic data.
6 The research group developed a survey of the rural portfolio, identifying its main characteristics.
These cards represent the first step in defining ad hoc valorization strategies. The theme of rural
portfoliola des can be the subject of in-depth analysis of a phase 2 of the research that consists
in the census and analysis of best practices in the field of valorization of rural buildings, in the
79
2 The ASP Città di Bologna Mission and Its Real Estate
Portfolio as a Social Infrastructure for a Resilient City
ASP Città di Bologna is the Public Company for Social Services of Bologna set up by
resolution of the Council of the Emilia-Romagna Region no. 2078 of 12/23/2013 following the merger of the Public Company of Poveri Vergognosi, the Public Company
of Servizi alla Persona Giovanni XXIII, and the Public Company of IriDes.
ASP is a non-economic public entity governed by regional law, with legal status
governed by public law, statutory, managerial, patrimonial, accounting and financial
autonomy, within the framework of rules and principles established by regional
law and regional indications. It is a non-profit organization. The ASP partners are
the Municipality of Bologna (97%), the Metropolitan City of Bologna (2%), and
Fondazione Carisbo (1%).
Art. 4 of the Statute shows the mission of the Company: “ASP has as its purpose
management and provision of social, social-health services to elderly, adult and
minor persons who are in conditions of difficulty, hardship, disability or non selfsufficiency, according to the different needs defined by local programming”.
To pursue its statutory mission, ASP owns heterogeneous real estate portfolio,
deriving from bequests and inheritances and is distinguished in available or unavailable assets depending on whether it is alienable or not. This subdivision comes from
the, i.e., art. 5 paragraph 1 of the Regional Law 12/2013 and provides:
– buildings used to pursue statutory and welfare purposes, i.e. unavailable assets;
– assets which, in consideration of their valuable characteristics, or because they
are susceptible to entrepreneurial use, are destined to income and to support the
provision of services of social initiatives, i.e., assets available for income;
– buildings used for: housing needs, social activities, activities carried out by nonprofit entities, i.e., assets available for housing needs;
– agricultural assets destined to favor youth entrepreneurship or made available to
non-profit entities that perform social recovery and assistance purposes for weak
subjects, i.e., social agricultural assets;
– and historical and artistic heritage.
The assets characteristics have been made explicit in a quantitative and qualitative desktop analysis carried out by the research group alongside ASP, which was
subsequently optimized in properties evaluation phase.
From a quantitative point of view and according to the survey concluded in October
2017 (see Table 1), the ASP real estate portfolios consist of 1462
5 real estate units—
located mainly in the city of Bologna, about 2000 ha of agricultural land and about
130 farm buildings—located in the province of Bologna.
6
5 Dynamic data.
6 The research group developed a survey of the rural portfolio, identifying its main characteristics.
These cards represent the first step in defining ad hoc valorization strategies. The theme of rural
portfoliola des can be the subject of in-depth analysis of a phase 2 of the research that consists
in the census and analysis of best practices in the field of valorization of rural buildings, in the