Planet Smart City acquires architectural and engineering business
The acquisition will strengthen Planet Smart City’s ability to integrate proptech expertise and environmental, social and governance principles into real estate development around the world.
Smart affordable housing company Planet Smart City has signed an exclusive agreement to acquire Politecna Europa which specialises in architectural and engineering design.
The acquisition will strengthen Planet Smart City’s Competence Centre, offering expertise that integrates proptech and environmental, social and governance (ESG) principles into real estate development.
Intelligent neighbourhoods
Politecna Europa, founded by Luca Massimo Giacosa and Pietro Putetto, specialises in project management activities and is at the forefront of architectural, structural, and industrial design in the civil and infrastructure sectors.
The company is involved in activities across Italy, France, Switzerland, and Oman, leveraging a team of more than 100 engineers and architects. The specialist knowledge of both companies will be applied to create intelligent neighbourhoods and homes by increasing their efficiency and maximising the user experience of residents.
Planet Idea, Planet Smart City’s Competence Centre, and Politecna Europa are already working on joint projects around the world. Planet Idea designs innovative solutions in fields including technological systems, planning and architecture, social innovation, and the environment.
These solutions are integrated into real estate development projects that Planet Smart City carries out in Italy, India, Brazil, and the US, as well as supporting consultancy services to thirdparty real estate developers.
“Planet Smart City and Politecna Europa have the same vision of real estate development aimed at the joint application of proptech together with the principles of ESG”
Planet Idea’s interdisciplinary team already includes architects, engineers, and urban planners, as well as digital transformation and social innovation specialists, who all work together at the Competence Centre in Turin.
After the two companies are fully integrated, an entity will be established including 350 professionals. A 4,000 square metre building has been chosen as the headquarters in Turin and, from October, will become an international centre of technological innovation and ESG in real estate.
“Planet Smart City and Politecna Europa have the same vision of real estate development aimed at the joint application of proptech together with the principles of ESG,” said Giovanni Savio, CEO of Planet Smart City.
He added: “The integration of our respective skills and professionalism will lead to the establishment of an interdisciplinary group that will increase our ability to generate and implement ground-breaking ideas.”
Planet Smart City’s mission is to create communities that respect local cultures and support inclusivity and sustainability. It does this through integrating innovative infrastructural, technological and social innovation solutions into its projects.
The research, development and integration of these innovative solutions is undertaken by subsidiary Planet Idea, which operates through multidisciplinary Competence Centres in Turin (Italy) and Pune (India). Planet Idea has, among other projects, created and launched the Planet App, a digital platform of high value-added services that also facilitates communication between residents in Planet Smart City’s neighbourhoods.
The Planet Smart City model has been rolled out in Brazil where four projects are underway: Smart City Laguna; Smart City Natal; Smart City Aquiraz; and Viva!Smart. In 2020, the business expanded into India and the US. In Italy, the company collaborates with leading real estate developers as an advisor in numerous smart social housing districts.
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