(AGENPARL) – ROME mer 22 giugno 2022

Reference:


Release date:
22 June 2022

Promoter – Financial Intermediary

INVESTIRE SOCIETA DI GESTIONE DEL RISPARMIO – SPA

Location

Description

Refurbishment and new construction of affordable housing for rent in central Milan. The units are owned by the CA GRANDA fund and managed by InvestiRE SgR.

Objectives

The project is structured as an investment loan for the financing of eight main schemes located primarily in central Milan. One main scheme will entail the complete demolition and reconstruction of some 190 units for a total of 20 000 square meters. The remaining schemes will focus on the deployment of energy efficiency measures to increase the Energy Performance Class (EPC), as well as structural and safety measures.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 35 million

Total cost (Approximate amount)

EUR 70 million

Environmental aspects

Compliance with the relevant EU Directives will be verified during appraisal stage: EIA Directive 2011/92/EU amended by the EIA Directive 2014/52/EU, SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed.
It is envisaged that the project will contribute to urban regeneration and sustainable urban development in local neighbourhoods, generating significant positive social and economic benefits, including better health and living conditions for lower income groups, job creation during implementation and the promotion of social mix. These will be evaluated in depth during the appraisal of the project.

Procurement

The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

Status

Under appraisal – 5/04/2022

Fonte/Source: https://www.eib.org/en/projects/pipelines/all/20210779