Cultural heritage can play a strategic role in developing a sustainable built environment, contributing to the improvement of the economic, social, and environmental productivity of a city. Human activities are constantly affecting the quality of the environment and altering the ecosystems, which produce negative consequences also on human wellbeing. Within this context, it has been much discussed how cities and the built environment can counteract this process by supporting more sustainable development. Adaptive reuse is defined as “a process that changes a disused or ineffective item into a new item that can be used for a different purpose”, which strongly triggers the sustainable development of cities. It can be recognized as a promoter of economic growth, social wellbeing, and environmental preservation, given its capability of both preserving past values and creating new ones. The adaptive reuse matches the main points of the circular economy, seen as the sustainable economy, which is aimed at the reduction of natural resource extraction and environmental impact by extending the useful life of materials and promoting recovery, reuse, and regeneration processes. Given these premises, the current contribution aimed to evaluate alternative scenarios for reuse in Castello Visconteo in Cusago, located in the Lombardy region (Italy), and understanding how adaptive reuse could contribute to generating new values within a circular economy perspective. In detail, four alternative scenarios were proposed to face the new needs born during the COVID-19 pandemic period. Since both intangible and tangible values must be considered, a multicriteria decision analysis (MCDA) has been applied by combining economic and qualitative indicators to define the most suitable function for its adaptive reuse. In detail, the Novel Approach to Imprecise Assessment and Decision Environments (NAIADE) was used to identify the best alternative solution based on the opinions of conflicting stakeholders. The innovativeness of the contribution is given by the combination of different methodologies, the preservation of the memory and the generation of new values, and the consideration of adaptive reuse as a strategy for the achievement of sustainable development within a circular economy perspective.

Urban regeneration has to be based on rigorous methodological frameworks able to find a balance among preservation instances, economic development, urban quality and the well-being of the population. Considering these premises, this research is focused on the definition of the decision-aiding process for the reuse of an abandoned health care facility with several historic buildings. Both public and private interests have been taken into consideration, since they play an important role for the urban regeneration project and for the definition of urban regeneration policies. Given the complexity of this issue, the evaluation process has been structured by combining different methodologies to support the policy cycle: Stakeholder Analysis, to identify the actors engaged (Social sustainability); Nara Grid for the values elicitation of the Built Cultural Heritage (Cultural and environmental sustainability); and the subsequent definition of different sustainable scenarios evaluated by the Discounted Cash Flow Analysis (Economic sustainability). Four alternatives have been assessed with the support of a Multi-Criteria Analysis (MCA) aimed at defining the most balanced one considering heritage significance retention and urban regeneration. This work contributes to the literature on soft OR by exploring interactions among different stakeholders and addresses policy instances by providing a transparent methodology based on value elicitation.

This study investigates how energy retrofitting measures contribute to increasing the market value of multi-family residential buildings within the European real estate market. It examines how energy efficiency improvements, driven by EU decarbonization strategies, enhance the actual and perceived value of these properties. The research employs a dual-methodology approach, integrating the Cost Approach to estimate the financial impact of retrofitting with the Contingent Valuation Method (CVM) to evaluate consumer willingness-to-pay (WTP) for energy-efficient properties. Two real case studies are considered to evaluate the methodology and how the monetary value of buildings is affected by their energy efficiency. The results revealed that buildings subjected to deep energy retrofitting are more attractive to potential buyers, who are willing to pay a premium of 13.5% over properties in pre-retrofit conditions. This underscores the tangible market value increment attributed to energy efficiency enhancements. This study bridges the gap between the quantifiable costs of energy retrofitting and the market valuation, offering a dual perspective by integrating both actual cost analysis and perceived market value. Moreover, this work highlights the correlation between energy retrofit investments and increased market value in the European real estate sector.

The conditions why processes of urban regeneration can be developed in modern-day cities have changed enormously over the last decade. Unlike the recent past, where the reuse for urban uses of former industrial areas was only based on maximising the amount of space, after the housing bubble begun in 2008, the profit margins for operators were reduced, and today, they faced to a sharp contraction in demand and a surplus of supply. Consequently, the framework within which we carry out the investment decisions is increasingly complex and is characterised by the opposition of a potential conflict between two forces. On the one hand, the public administration which seeks to take full advantage of the urban transformation processes to improve the quality of live for citizens; on the other, the private entity that has the aim of maximising the profits obtainable from the intervention and to the minimise business risk. Therefore, to ensure the overall feasibility of an intervention, urban viability must correspond to an economic and financial sustainability. The paper analyses the role of the economic evaluation in urban regeneration interventions through the analysis of a case study in the city of Genoa.

One of the indicators that measures the economic development of a territory is its infrastructural endowment (road, rail, etc.). The presence of roads, railways, and airports are essential elements in creating the optimal conditions for the establishment or development of productive activities and economic growth; and also to generate benefits. However, the presence of infrastructure can have strong impacts on the environment and the living conditions of the population and infrastructure can be subject to actions related to contrast and opposition. Therefore, in parallel with the economic and environmental sustainability assessment, it is essential to decide whether or not to build new infrastructure. In addition, social sustainability is also pursued on the basis of an assessment that takes into account various aspects that relate the work to the population, also in order to identify the most satisfactory design solution. Alongside the adopted methodology, the assessment must be identified suitable criteria which are capable of taking into account the various impacts generated by the infrastructure, not only of an economic and environmental type, but also social and attributed relative importance (or weight) that is congruous with the correct balance of the three aspects of sustainability. This contribution deals with the identification of criteria for assessing the social sustainability of infrastructure projects, by taking as reference the 24 infrastructure projects in the planning and construction phase in the Liguria Region that make use of the Regional Law n. 39/2007 on the “Regional Strategic Intervention Programs—P.R.I.S.” (Regional Strategic Intervention Programs); which guarantees citizens affected by the infrastructure. In this research work, the selection is performed through the involvement of local stakeholders as well as the subjects and institutions that operate within the decision-making process of a work (designers, technicians from public administrations). The selected criteria are then weighted through the pairwise comparison method used in the multi-criteria technique of ThomasSaaty—Analytic Hierarchy Process (AHP). The goal is to identify the useful criteria for assessing social sustainability and the weights attributed by the various parties involved in the decision-making process by citizens directly or indirectly affected by the infrastructure.