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Covivio is part of this dynamic and is rehabilitating these forgotten areas to turn them into mixed and attractive neighbourhoods. In Milan, the redevelopment of Scalo di Porta Romana is a perfect example of this commitment: this large-scale project, which will host the Milan-Cortina 2026 Olympic Village, will reconnect two historically separate districts, while creating a vibrant urban ecosystem, integrating housing, offices, shops, green spaces and modern infrastructure.
But beyond rehabilitation, how can urban regeneration be achieved in an intelligent and sustainable way? Let’s take a closer look.
Urban recycling, also known as urban renewal or urban redevelopment, involves transforming already artificial spaces – industrial wastelands, former logistics areas, vacant lots – to give them a new lease of life.
It is not just about urban renewal: urban recycling aims to create dynamic, attractive and sustainable neighbourhoods, taking into account the social, environmental and economic needs of cities.
Urban recycling is part of the net zero land take (ZAN) objective set by the Climate and Resilience Act. It helps to limit land consumption, preserve natural resources and reintroduce biodiversity into urban areas.
Beyond the ecological aspect, it is a tool for urban policy: it revitalises priority neighbourhoods, promotes social and intergenerational diversity and improves quality of life through new public spaces.
By reinvesting in industrial sites that are no longer in use, Covivio is helping to :
Urban regeneration stimulates the property market, attracts businesses and shops, and restores value to neglected areas.
By integrating housing, offices and services within the same neighbourhood, these projects promote inclusion, proximity and a better quality of life for residents.
A former 190,000 m² railway yard, Scalo di Porta Romana is the subject of a major urban regeneration project led by Covivio, Coima and Prada. The aim is to reconnect the southern part of Milan with the city centre by creating a mixed-use, sustainable and open neighbourhood.
Also in Milan, Symbiosis and The Sign are two completed urban regeneration projects that combine energy efficiency and architectural innovation, and have given new life to lively, attractive neighbourhoods.
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Covivio’s projects incorporate:
By combining housing, offices and shops, Covivio designs neighbourhoods that are constantly alive, reducing travel and boosting local activity.
Each project puts people at the centre, with:
On the former IBM site, Covivio is developing Noème, a sustainable urban redevelopment project combining housing, services and green spaces. This project illustrates how to transform an existing site into an attractive and modern hub.
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Through iconic projects such as Scalo di Porta Romana, Symbiosis, The Sign in Milan, and Noème in Bordeaux, Covivio demonstrates that urban recycling is much more than a land constraint: it is a strategic tool for building the city of tomorrow.
By combining expertise, partnerships and environmental commitment, Covivio has established itself as a major player in urban recycling in France and Europe, contributing to more inclusive, resilient and sustainable territories.