Palazzo del Carbone is a student housing project that was completed in the city of Reggio Emilia, as part of a plan to regenerate the historical centre and to enlarge the offer for accommodation to students of the growing local university. Initiative of a value of 5mln Euros was delivered via public-private partnership between the municipality and Insitute Immobiliare Italiano del Nord, the University, and ACER Reggio Emilia, the local public housing management company.
Thanks to the initiative 20 apartments of various dimensions with 56 sleeping places were created. Rent surface in the complex varies between 50 and 120 square meters, while the rent can be as little as 160 Euros per bedroom, or 320 Euros per apartment – depending on the size. Rent also includes common charges, lift and wireless internet connection. Investment started in 2014 and was completed in 2016 offering affordable, quality housing to 450 students of the food innovation programme and the musical school from 11 countries.