In December 2020, HEVF 2 committed €80 million to regenerate a building in the wider Manifattura Tabacchi masterplan in Florence into a state of the art 16,000-square-meter student housing scheme.
The project consists of a rectangular block with three structural bays built between 1954 and 1956. Originally used as a sales warehouse, it will be completely reimagined, including new student housing to accommodate more than 400 students. A fifth floor will also be constructed to expand the space available to students with additional rooms and shared common areas. Upon completion in 2024, the project expects to achieve LEED Gold certification ensuring it is designed and completed in accordance with the highest international standards of environmental sustainability and energy efficiency. The project will stand out for the quality and rich variety of services that will be offered to students, including studios, gym, yoga room, laundry facilities, and movie theatre, as well as common areas equipped for spending time together.
The Manifattura Tabacchi regeneration area is strategically situated in northwest Florence, just 15 minutes from the historic center and the Santa Maria Novella station, and 10 minutes from the airport. The wider regeneration area is developed by Manifattura Tabacchi, a joint venture between Aermont Capital and CDP Immobiliare. Spanning 110,000 square meters in total, the former industrial area is being redeveloped through the construction of shared spaces, co-working hubs, cultural areas, offices, apartments, and a hotel.
The entire regeneration area, which also involves the Superintendency for Architectural Heritage and Landscapes in the province of Florence, aims to preserve the industrial spirit of the historic architecture using contemporary construction methods that are capable of retaining and reflecting the historic significance of the area.