Urban regeneration and real estate financialization in Milan

Journal title TERRITORIO
Author/s Alberto Bortolotti
Publishing Year 2026 Issue 2024/111
Language Italian Pages 9 P. 164-172 File size 281 KB
DOI 10.3280/TR2024-111015
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This article explores the relationship between real estate financialization and the plan-making of urban transformations. In recent decades, financialized real estate markets have reshaped planning practices, maximizing extractive dynamics of urban rent in major projects. This phenomenon has facilitated the regeneration of brownfields even though it has limited the compensations in favour of the public city. The analysis of the Milano Porta Romana and Milano Innovation District cases highlights how such projects create new settlements but return few services to the neighborhoods. In essence, financialization has contributed to increase these processes by marginalizing planning in recapturing real estate capital gains.

Keywords: real estate financialization; Milan; large-scale urban development projects

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Alberto Bortolotti, Rigenerazione urbana e finanziarizzazione immobiliare a Milano in "TERRITORIO" 111/2024, pp 164-172, DOI: 10.3280/TR2024-111015