The Enhancement of Special-Use Real Estate Properties: The Case of Hospital Facilities
In the Italian context, public investments for the redevelopment and securing of the National Health Service’s real estate assets are a crucial topic in the context of the National Recovery and Resilience Plan (NRRP) within the Next Generation Italian strategy. The paper proposes the evaluation of a...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-08-01
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| Series: | Land |
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| Online Access: | https://www.mdpi.com/2073-445X/12/8/1638 |
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| author | Marta Dell’Ovo Francesca Torrieri Alessandra Oppio Stefano Capolongo Marco Gola Andrea Brambilla |
| author_facet | Marta Dell’Ovo Francesca Torrieri Alessandra Oppio Stefano Capolongo Marco Gola Andrea Brambilla |
| author_sort | Marta Dell’Ovo |
| collection | DOAJ |
| description | In the Italian context, public investments for the redevelopment and securing of the National Health Service’s real estate assets are a crucial topic in the context of the National Recovery and Resilience Plan (NRRP) within the Next Generation Italian strategy. The paper proposes the evaluation of alternative scenarios for accessing financing under the NRRP with respect to the criterion of the technically efficient solution, i.e., the solution that minimizes investment costs while respecting time obligations. The methodology proposed refers to the Cost approach with specific reference to the Depreciated Replacement Cost Method (DRC) in order to estimate the market value in different scenarios. The approach is applied to a case study located in the Piedmont Region, where alternatives are compared with respect to both budget constraints and the timeframe for accessing financing. Given the growing concern for urban regeneration and “public city” rearrangement as an answer to the ongoing global changes, making investments in special-use real estate properties has become a central and challenging issue both in the public and private decision domains. |
| first_indexed | 2024-03-10T23:48:43Z |
| format | Article |
| id | doaj.art-8e1c88e3483141b6898d4df98b0abf08 |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-03-10T23:48:43Z |
| publishDate | 2023-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-8e1c88e3483141b6898d4df98b0abf082023-11-19T01:52:46ZengMDPI AGLand2073-445X2023-08-01128163810.3390/land12081638The Enhancement of Special-Use Real Estate Properties: The Case of Hospital FacilitiesMarta Dell’Ovo0Francesca Torrieri1Alessandra Oppio2Stefano Capolongo3Marco Gola4Andrea Brambilla5Department of Architecture and Urban Studies (DASTU), Politecnico di Milano, Via Bonardi 3, 20133 Milan, ItalyDepartment of Architecture, Built Environment and Construction Engineering (DABC), Via Ponzio 31, 20133 Milan, ItalyDepartment of Architecture and Urban Studies (DASTU), Politecnico di Milano, Via Bonardi 3, 20133 Milan, ItalyDesign & Health Lab, Department of Architecture, Built Environment and Construction Engineering (DABC), Via Ponzio 31, 20133 Milan, ItalyDesign & Health Lab, Department of Architecture, Built Environment and Construction Engineering (DABC), Via Ponzio 31, 20133 Milan, ItalyDesign & Health Lab, Department of Architecture, Built Environment and Construction Engineering (DABC), Via Ponzio 31, 20133 Milan, ItalyIn the Italian context, public investments for the redevelopment and securing of the National Health Service’s real estate assets are a crucial topic in the context of the National Recovery and Resilience Plan (NRRP) within the Next Generation Italian strategy. The paper proposes the evaluation of alternative scenarios for accessing financing under the NRRP with respect to the criterion of the technically efficient solution, i.e., the solution that minimizes investment costs while respecting time obligations. The methodology proposed refers to the Cost approach with specific reference to the Depreciated Replacement Cost Method (DRC) in order to estimate the market value in different scenarios. The approach is applied to a case study located in the Piedmont Region, where alternatives are compared with respect to both budget constraints and the timeframe for accessing financing. Given the growing concern for urban regeneration and “public city” rearrangement as an answer to the ongoing global changes, making investments in special-use real estate properties has become a central and challenging issue both in the public and private decision domains.https://www.mdpi.com/2073-445X/12/8/1638hospitalhealthcare infrastructuresdepreciated replacement cost methodinvestment decisionenhancementspecial use real estate |
| spellingShingle | Marta Dell’Ovo Francesca Torrieri Alessandra Oppio Stefano Capolongo Marco Gola Andrea Brambilla The Enhancement of Special-Use Real Estate Properties: The Case of Hospital Facilities Land hospital healthcare infrastructures depreciated replacement cost method investment decision enhancement special use real estate |
| title | The Enhancement of Special-Use Real Estate Properties: The Case of Hospital Facilities |
| title_full | The Enhancement of Special-Use Real Estate Properties: The Case of Hospital Facilities |
| title_fullStr | The Enhancement of Special-Use Real Estate Properties: The Case of Hospital Facilities |
| title_full_unstemmed | The Enhancement of Special-Use Real Estate Properties: The Case of Hospital Facilities |
| title_short | The Enhancement of Special-Use Real Estate Properties: The Case of Hospital Facilities |
| title_sort | enhancement of special use real estate properties the case of hospital facilities |
| topic | hospital healthcare infrastructures depreciated replacement cost method investment decision enhancement special use real estate |
| url | https://www.mdpi.com/2073-445X/12/8/1638 |
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