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[BUSINESS] · Italy · 2 sources

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Metropolitan City of Venice lists three historic sites for sale to spur residential regeneration

The Metropolitan City of Venice announced the inclusion of three heritage properties in its alienation plan: the former chemistry school building in the centre of Mestre, known as the ex “palazzina della Chimica”; the 18th‑century Palazzo Donà Balbi on the Grand Canal in Venice; and the 18th‑century Villa Principe Pio in Mira on the Riviera del Brenta.

The sale aims to attract investment and promote residential redevelopment. The Mestre building covers about 3,085 m² and has a base auction price of €1.585 million. Palazzo Donà Balbi comprises roughly 3,037 m² of interior space plus 926 m² of external courtyards, with a starting price of €12.5 million. Villa Principe Pio, a historic villa on the Brenta, is also offered. All three properties have undergone recent restorations that preserve historic features such as frescoes, polychrome stucco, and Venetian‑style floors.

Entities

Ex palazzina della Chimica (Mestre) · Metropolitan City of Venice · Palazzo Donà Balbi · Villa Principe Pio