(Tiper Stock Exchange) – “It’s a good day for Modena. Thanks to the agreement with the Scoiattolo Fund, we are closing an important property recovery operation by receiving the availability of eighty apartments which will be made available to the administration to insert as many families”. Gian Carlo Muzzarelli, mayor of Modena, during the Cnpr Forum webinar, promoted by the pension fund of accountants and accounting experts, chaired by Luigi Pagliuca, on the occasion of the signing of the agreement between the Municipality of Modena and Torre Sgr, which manages the Fondo Scoiattolo, finalized to grant the lodgings of an entire building located in via Repubblica di Montefiorino for a total of 80 apartments.
“I think of it as an avant-garde operation in a city, like ours, where we try to always be one step ahead on issues of entrepreneurial development, work and urban planning policies. A really good example to continue to ensure that our community can be brought together in an open and inclusive way,” she added.
“We are aware that the home is the first place of community and we must ensure that everyone has this opportunity. We have approved the new general urban plan – continued the mayor of Modena – providing for a very strong regeneration plan for the city, avoiding that there are still places. Abitare Modena is something very profound and in the face of the housing emergency, today we offer a good example of how public and private can walk together”.
Another protagonist of the agreement, Diego Freddi, general manager of Torre Sgr: “We are able to finalize an intense dialogue between the public and private sectors in an attempt to give an answer to the housing emergency in the municipality of Modena. We do our part by giving value to our real estate complex and, at the same time, responding to the administration’s request to support it in the fight against the housing emergency by providing for controlled rents. Torre Sgr in recent years has gained significant experience in these areas through various initiatives, and thanks to the support of our investors, in the field of social housing or subsidized housing. Activities – added Freddi – which have made it possible to achieve two objectives: to respond to the needs of the administrations on the housing emergency, which is a national problem, and to give returns to these initiatives from an economic and financial point of view with a return in the long term. We have shown that it can be done. Among our future projects there is undoubtedly that of replicating this ‘best practice’ of Modena also in other administrations where we are present with the Fondo Scoiattolo”.
She intervened on the subject of the home emergency Roberta Pinelli, councilor for social policies of the Municipality of Modena: “We are trying to deal with a substantial and highly significant emergency such as the housing one. Although we have a good number of public housing, public housing has not been financed for decades, nor has social housing. With the latest budget law, rent funds were also removed. We currently have 1092 people on the waiting list. All the measures to deal with this phenomenon have cost us more than 4 million euros so far. In these days we will assign 20 lodgings with a first tender but the numbers are not enough. With today’s agreement with Fondo Scoiattolo, we will have around eighty lodgings available, and this will give us some breathing space. Our priority is that of vulnerable families who have income and work and, if they could find a reasonable rent, would not need any other aid. Their vulnerability is right in the house. We hope that this protocol can also act as a market price regulator”.
Valeria Meloncelli, general manager of the Municipality of Modena, illustrated the details of the agreement: “An important day for the signing of an agreement between the municipal administration and Fondo Scoiattolo on the basis of which the Municipality undertakes to lease 80 lodgings located in via di Montefiorino to allocate them to families in difficulty. The Fund undertakes to redevelop the leased properties through various interventions which will be completed within 12 months and at the end of which the administration will stipulate the lease for 18 years. These lodgings will be assigned to families who have difficulty finding lodgings in the real estate market. We are talking about eighty families. We act within the framework of a memorandum of understanding with the housing agency and with the support of the Emilia Romagna Region. Within the context of the Pact for the home, there are rent-reduced rental measures. We estimate the delivery of the apartments to the families for the autumn of next year, after having issued the related announcement. There are requirements for applicants who must have the main job in our municipal area and must respect some isee parameters “.
Important day for Guido Rosignoli, vice president of the Cnpr: “We are extremely satisfied with the agreement signed between the Municipality of Modena and the Scoiattolo investment fund, through the manager Torre Sgr. We consider the possibility of allocating some of the properties of the Fund to social purposes to be of extraordinary importance without compromising, at the same time, the returns of members of the Cnpr. I consider it a result that gives value to the Cassa’s activities, always attentive to the social impact of its mission. The choice of the mayor of Modena, Gian Carlo Muzzarelli, to be an active part in this experience opens up new scenarios which, I hope, can be replicated with other municipal administrations. Thanks to this initiative, we have the opportunity to offer a concrete example of positive public-private synergy that demonstrates the importance of reconciling profit with social welfare, an objective that the Cnpr is proud to support. This is the right way to defend the interests of our members and of the community”.
The Team of Tower Sgr, coordinated by the Fund Manager Marianna Caserta with the support of Lorenzo Coletta (Head of Asset Management) with regard to the asset redevelopment intervention, assisted by Gloria Ceccarelli (Head of Legal Affairs) and Claudio Roscioli (Fund Manager), negotiated the signing of the agreement with the Municipality of Modena aimed at the twenty-year lease of the property.