SLIDE 3 NEW
2025 Annual Impact Report
Our commitment to generating social and environmental value


See the full report
People-centered
neighborhoods
Public spaces, sustainable mobility and local services: quality of life at the heart of our projects.
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Near is a new group that promotes and manages real estate investments, projects and services specialized in the living and urban regeneration sector. It looks at the present with a long term vision and a clear goal: to generate shared value and widespread well-being for both communities and investors.

L’INNESTO – MILANO

Metropolitan areas are facing structural challenges. Rising costs, housing shortages and fragile local services are making access to housing and essential services increasingly difficult. The current urban development model is struggling to respond, pushing entire segments of the population to the margins. A paradigm shift is needed.

Near, born from the merger between Redo SGR and EuroMilano, sees real estate and finance not as ends in themselves, but as tools to address real needs through responsible investments, accessible housing solutions and spaces designed to generate positive, measurable and lasting impact. This reflects a new approach to business development, one that places communities and territories at its core, while simultaneously creating economic value and driving social transformation.

SHARED VALUE, SUSTAINABLE GROWTH, MEASURABLE RESULTS

11
real estate funds under management
2,5 Bn €
development and trading

€ 2.092M 

AUM

€ 1.838M 

EQUITY

More than 40 urban regeneration initiatives and projects

Seniority

over 40 years of experience
6 major urban areas transformed
3,5 million sqm
Milan
4 urban public parks
660.000 sqm
Student
housing
1.500 beds under management
880 beds under development
Affordable
apartments
2.300
under management
2.650
under development
3 funds classified under Article 8 and 9 funds classified under Article 9 (SFDR)

La forza del business, l’urgenza di generare impatto sociale e ambientale.

Near è una società benefit nata per guidare un cambiamento strutturale nel modo in cui si abita, si investe e si rigenerano le città. Ambisce a diventare il punto di riferimento italiano nel living responsabile, offrendo – grazie all’esperienza e al know-how trasmesso da Redo SGR ed EuroMilano – una piattaforma per l’investimento e la gestione integrata di progetti residenziali e urbani.

Leadership nel build-to-rent e nell'affordable housing

Near presidia l’intera catena del valore: dall’investimento allo sviluppo, fino alla gestione attiva e ai servizi innovativi per l’abitare. Un approccio replicabile e scalabile, per attrarre capitali istituzionali verso il settore residenziale.
MONETA – MILANO

Impatto ambientale zero

Con il 100% di investimenti sostenibili, Near punta a generare impatti sociali e ambientali positivi. È solo il primo passo, verso la realizzazione e la gestione di un patrimonio edilizio a impatto zero sul clima entro il 2040.

Raddoppio delle unità abitative gestite entro il 2028

Near si propone come interlocutore credibile per le partnership pubblico-private, invitando a guardare l’abitare come driver di trasformazione urbana e asset strategico per il Paese.
CENNI DI CAMBIAMENTO – MILANO

Rigenerazione urbana_oltre Milano

Pur mantenendo un focus sulla Lombardia, Near guarda a tutto il mercato italiano, per cogliere opportunità d’investimento diversificate per durata, impatto e profilo di rischio. Punta ad attivare almeno tre nuove aree di rigenerazione urbana oltre Milano entro il 2027.

Certificazione B Corp entro 2027

Gli obiettivi di impatto sociale e ambientale sono integrati nello statuto: la governance, la politica dei dividendi e la gestione della cassa rispondono alla natura di società benefit.

THE GROUP

Near è un ecosistema unico, che riflette la composizione del suo azionariato: un grande Gruppo bancario, due Fondazioni di origine bancaria, una Cassa di previdenza professionale, una Società di gestione del risparmio e un esponente del mondo della cooperazione. 

Near is a unique ecosystem that reflects the composition of its shareholder base: a major banking group, two banking foundations, a professional pension fund, an asset management company and a representative from the cooperative sector.
Investors with different profiles, united by a shared vision: to create shared value through an approach that combines sustainability, impact and financial returns. In its very name -Near – these values resonate: responsibility, listening and care.
The longstanding commitment of the foundations to – promoting synergies between public and private institutions to address social, economic and cultural challenges – is complemented by a strong industrial backbone capable of mobilizing and directing capital, with the goal of delivering concrete and innovative solutions to drive urban regeneration.
UPTOWN CASCINA MERLATA

Near draws on an integrated business model and unique expertise in the national landscape: a true one-stop shop that combines fund and investment management, asset management and real estate expertise instead of capabilities. This approach is the result of more than 40 years of experience, thanks to the work of 90 professionals operating across residential living (BTS, BTR, affordable housing), PBSA and large mixed use urban developments.

Near’s solidity is rooted in an institutional shareholder base that is strongly committed to fully aligned with its mission. The combination of Redo Sgr and EuroMilano benefits from the support of long term shareholders and investors, generating a stable, favourable and distinctive environment for origination and investment activities.

MEREZZATE – MILAN

MARKET EXPERTISE

Near spa benefit leverages the proven experience and distinctive capabilities of Redo Sgr and EuroMilano — two organisations that have significantly shaped the evolution of housing models and urban regeneration processes in Italy.

The group is not the sum but the product of its components, multiplying the value of their expertise to create a true end-to-end ecosystem: real estate development and management integrated with urban planning and structured finance; high value-added real estate services combined with the operational know-how gained from direct property management; product innovation reinforced by process innovation.
An in-house value chain fully integrated across all business areas.

BENEFIT CORPORATION

There can be no true result without a positive impact on people and cities. This is why ESG criteria shape Near’s investment strategies and services. Environmental, social and governance factors are not just risks to be managed – they also represent significant opportunities to be seized, with the aim of advancing the common benefit objectives that the Holding pursues as a Benefit Corporation.

The 6 common
benefit purposes
Social impact–driven urban regeneration

Generating positive impact for people and the urban fabric through a long-term vision and a high-quality offering that meets the needs of those unable to access the open housing market, while also providing tailored housing solutions for specific user groups.

01

Climate sustainability

Minimizing negative impacts on natural resources, moving toward a zero greenhouse gas emissions economy, in line with European, national, regional, and local climate neutrality targets.

02

Social infrastructures

Fostering relationships between people, supporting third-sector organizations and local services, and creating opportunities for access to culture as a cornerstone of community participation.

03

Inclusive
management

Ensuring high standards in property, facility and community management activities, with enhanced protection for individuals with specific needs or conditions of actual or potential vulnerability.

04

Responsible
innovation

Promoting economic, cultural and financial transformation that generates value in real estate, corporate governance and impact finance, while contributing to spread “benefit” models and culture through concrete actions, training and awareness raising.

05

Workplace
well-being

Promoting employee engagement in achieving company goals, as well as their professional, personal and family well-being, while valuing diversity as a driver of growth and innovation.

06

ESG highlights

AWARDS & RECOGNITIONS
Sustainable Enterprise Award 2024

Awarded the prize in the Social Sustainability category to the Sgr.

ULI Europe Awards for Excellence

First Italian win in the history of the award with the 5Square project.

GREEN
BUILDING
COUNCIL
ITALIA

Winner of the Social and Community Engagement category for the 5Square project.

Sustainable Development Award

Won by the UpTown project, an eco-efficient district example of urban biodiversity featuring Class A buildings and a public park.

Culture + Enterprise Award 2024

Special mention “UpTown luogo d’Arte” for UpTown.

Green Building Council – Districts

UpTown recognised as a model of sustainable urban regeneration: energy efficiency, smart grid solutions, and green spaces for a positive impact city.

NEWS

07 OTT 2026
Near sgr wins the 2026 Premio Impatto with 5Square
30 SET 2026
Harmonia in Milan: Near and Aria Ex Macello as a model for an Accessible Regeneration
21 SEPT 2026
Near a finalist for the Blue Green Economy Award 2026 with its biodiversity project for UpTown Park Milano