Italy's state-owned wealth fund supports student accommodation following the Olympic Games
In Milan, Italy, a major investment by CDP Real Asset will address a shortage of student accommodation. The investment will be used to transform the Athletes Village into a 1,700-bed student accommodation, making it Italy’s largest student residence after the 2026 Winter Games. This project is part of the National Fund for Sustainable Housing (FNAS), a fund that prioritizes redevelopment initiatives that combine environmental sustainability with social impact.
Meanwhile, Spain's Cofides has entered an agreement with Banco VisionFund Ecuador for a technical assistance project. The aim is to improve the financial inclusion of Ecuadorian micro and small enterprises, particularly in rural areas. The project is part of the Triple Inclusive Finance (TIF) Programme, a blended finance project led by Cofides in Latin America in collaboration with the European Union and the Spanish Agency for International Development Cooperation (AECID), through the Fund for the Promotion of Development (FONPRODE).
The FNAS, managed by CDP Real Asset, also focuses on projects that align with ESG (Environmental, Social, and Governance) standards, support housing needs, and leverage sustainability-linked financial instruments such as loans tied to sustainability outcomes. The fund prioritizes redevelopment initiatives that combine environmental sustainability with social impact, such as creating student housing and improving urban living conditions, while ensuring measurable sustainability performance benchmarks are met.
In addition, Banco VisionFund Ecuador employees will be trained in using data at the decision-making level as part of the project. This move is aimed at fostering a culture of data-driven decision-making at the bank.
Buildings Performance Institute Europe (BPIE) has also published six investment criteria in a report for the sustainable reconstruction of Ukraine's built environment.
On another note, COIMA SGR, a real estate investor, developer, and manager, has increased the target size of its fund from €1bn to €2bn and is actively fundraising. CDP Real Asset has invested €50m in COIMA SGR's ESG City Impact Fund.
The technical assistance project in Ecuador does not relate to housing, investment, pension funds, or social impact initiatives mentioned in the previous articles. Similarly, the project does not involve CorPower Ocean, the €40m EU grant for a wave energy farm, the Renewable energy firm Renalfa, the EBRD-led investor group, or the €315M raised by Renalfa mentioned in the previous articles.
The project in Ecuador does not involve CDP Real Asset, COIMA SGR, or the National Fund for Sustainable Housing (FNAS) mentioned in the previous article. Likewise, the Athletes Village in Milan and the student accommodation development are not related to the COIMA ESG City Impact Fund mentioned in the previous article.
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- CDP Real Asset's investment in Italy aims to address a student accommodation shortage in Milan, transforming the Athletes Village into a 1,700-bed student residence, and aligns with ESG standards, sustainability-linked financial instruments, and social impact projects.
- Meanwhile, Spain's Cofides partners with Banco VisionFund Ecuador to improve financial inclusion of Ecuadorian micro and small enterprises, particularly in rural areas, under the Triple Inclusive Finance (TIF) Programme, a blended finance project.
- BPIE has published investment criteria for the sustainable reconstruction of Ukraine's built environment, with a focus on environmental, social, and governance standards.
- COIMA SGR, a real estate investor and manager, increases its fund target size from €1bn to €2bn and actively raises funds, with CDP Real Asset investing €50m in COIMA SGR's ESG City Impact Fund.
- Unlike previous projects mentioned, the technical assistance project in Ecuador does not involve housing, investment, or social impact initiatives, and neither does it relate to CDP Real Asset, COIMA SGR, the National Fund for Sustainable Housing (FNAS), or the Athletes Village in Milan and the student accommodation development.
