by InTrieste
At a session of the Regional Council on Tuesday, officials outlined plans to establish a real estate investment fund aimed at strengthening the tourism and hospitality sector in Friuli Venezia Giulia, emphasizing that public authorities would retain decisive oversight.
Sergio Emidio Bini, the region’s councilor for productive activities and tourism, said the call for bids seeks to identify an asset management company to oversee financial services tied to the fund. The initiative, he explained, is designed to enhance the value of the region’s hotel and tourism assets through participation in a dedicated real estate vehicle.
Despite the involvement of a private management company, Bini stressed that the regional government would maintain control over key decisions. This authority would be exercised both through governance mechanisms embedded in the fund’s regulations and through the region’s role as majority shareholder.
The selection process will be based on the most economically advantageous offer, with criteria published on March 27. These place particular weight on alignment with regional development strategies, including efforts to revitalize areas that lack high-quality accommodation.
Bini also addressed the relatively tight 20-day timeline for submissions, linking it to a national funding opportunity. The region intends to participate in a call issued by CDP Real Asset Sgr, which manages Italy’s National Tourism Fund. That call, focused on supporting tourism-related real estate projects, is set to close on June 2, 2026.
“The goal is for the selected management company to submit an expression of interest and secure national resources to strengthen the region’s hospitality offering,” Bini said, describing the accelerated timetable as necessary to meet the deadline.
On governance, he added that the framework approved by the regional executive ensures meaningful public oversight through both the assembly of participants and an advisory committee. Even if national funding is secured through CDP Real Asset Sgr, the region’s majority stake would allow it to retain full control over major decisions, including the possible replacement of the management company.
