Real Estate Assets for Social Impact: The Case of the Public Company for Social Services “ASP City of Bologna”

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 […]."

Contribution of Real Estate Activities and Financial/Insurance Industry Activities to the Formation of Gross Domestic Product

“…Real Estate is related to a plot of land and its environment along with existing buildings and projects on land (Cepni et al, 2020). Pavesi et al (2020) state that the real estate activities are activities that are part of the gross domestic product in a country and part of the gross regional domestic product in an area. Real estate includes all the resources on it, such as plants, minerals, water, and other immovable objects in the area (Fonseka et al, 2020).…”