A social housing programme will transform the former Olympic Village into a driver for the urban regeneration of Borgo Filadelfia

Publication date: 10 July 2020

Torino, 3 July 2020.  The sale was completed today of the MOI buildings, forming the former Olympic Village in Borgo Filadelfia, from the Città di Torino Fund, managed by Prelios SGR, to Fondo Abitare Sostenibile Piemonte (FASP), managed by InvestiRE SGR and supported by FIA (Gruppo Cassa Depositi e Prestiti), Fondazione Compagnia di San Paolo, Fondazione CRT – through the Fondo Social & Human Purpose, Section A, managed by REAM SGR – and other Piedmontese foundations of banking origin.

Following the final release of the buildings last summer, after a long period of occupation, resulting from an innovative programme to guide and support the former inhabitants of the buildings in finding independent employment and housing, coordinated by the City of Turin with the Prefecture, the Piedmont Region, Fondazione Compagnia di San Paolo and the Diocese, the former Olympic Village will be completely redeveloped to become a social housing complex with over 400 beds providing temporary accommodation at special rates for students, young workers, city users. 

Once fully operational, it will be managed by Camplus, Italy’s first co-living provider and university student housing provider, with 10,000 beds, including 2,000 in Turin from the next academic year. 

The urban and social redevelopment of the buildings on Via Giordano Bruno looks beyond the COVID-19 emergency and aims to achieve a new objective: to offer modern and affordable housing, including a range of personal services, for Turin – a university city with a strong cultural vocation that continues to implement many exciting projects thanks to a variety of initiatives. Many of these initiatives – from Ivrea 24 to Campus Sanpaolo, Cascina Fossata to Luoghi Comuni Porta Palazzo e San Salvario – have arisen as part of a social housing system promoted by Turin’s foudations of banking originFondazione Compagnia di San Paolo and Fondazione CRT – and by FIA (Fondo Investimenti per l’Abitare), which is managed by Gruppo CDP , its main investor, together with MIT and the leading banking, insurance and social security institutions. 

Institutions which – together and within the framework of strong collaboration and synergy with the housing policies of the municipal authorities – have invested resources of over 200 million euros, in Turin alone, to create 1200 social housing units and 1350 beds in student and temporary residences.

Statement by the Mayor of Turin Chiara Appendino: “With the transfer of ownership of the seven buildings in the former MOI area to the Fondo Abitare Sostenibile Piemonte, the support of Cassa Depositi e Prestiti and of the foundations of banking origin, and as a result of the project that provides for them to be used for social housing and personal services, the neighbourhood and its inhabitants will definitively regain ownership of these areas which have for too long been abandoned and become the scene of the largest illegal occupation in Europe. We can therefore say that the process of regenerating and returning that portion of the former Olympic Village to citizens has begun as a result of the fruitful teamwork by public institutions, archdiocese and foundations of banking origin, allowing the buildings to be vacated peacefully, offering the occupants the opportunity to live and work independently and therefore providing a solution to a critical situation that has dragged on for years”.

Statement by Fabrizio Palermo, CEO of Cassa Depositi e Prestiti: “The urban and social redevelopment of Turin’s former Olympic Village is a further virtuous example of the strong link between CDP and the City of Turin. This collaboration, which is part of the City Plan signed last September and follows on from the support provided by CDP for the new Metro Line 2, also testifies to the strong synergy with local foundations of banking origin, which have always been our principal local partners”.

Statement by Francesco Profumo, Chair of Fondazione Compagnia di San Paolo: “The social support project aimed at achieving the gradual independence of the inhabitants of the former Olympic Village, providing stable housing conditions, is part of a broader plan to build a local social, cultural and urban development strategy involving all the local inhabitants. With the redevelopment of the buildings,  Compagnia di San Paolo – through FASP – is also making its contribution to returning part of the city to the community to which it belongs and to the urban regeneration of this district, with the aim of improving everyone’s quality of life and promoting social cohesion. The intervention contributes to the achievement of the following Sustainable Development Goals: 1- Defeating poverty,  10 – Reducing inequalities and 11 – Making cities and communities sustainable”.

Statement by Giovanni Quaglia, Chair of Fondazione CRT and REAM SGR: “I am glad that Fondazione CRT and REAM SGR are participating in this important urban redevelopment thanks to which the City of Turin will have an ever richer range of personal services. I hope that the social housing system, as well as the close and positive collaboration between the world of foundations and the CDP Group, will soon be repeated in new and more extensive areas”.

Statement by Maurizio Carvelli, CEO and Founder of Camplus: “We have been in this district since 2007 and as the sole operator we have made more than 200 beds available in collaboration with the Polytechnic, the Municipality and Compagnia di San Paolo. After some truly difficult years, we are seeing the fruits of the efforts made to redevelop the MOI buildings. Our goal has always been to make this area safe and welcoming for the community as a whole. We will manage the 400 new places with a spirit of hospitality, sharing and training and the commitment and dedication we have always shown”.