€3.2M Grant for Palazzo Penzini: A Model Mini PIA Project in Puglia

March 26, 2025 – A major success for the future of luxury tourism in Puglia: Lecce Cronaca has featured the redevelopment of Palazzo Penzini in Salve, a beautiful historical property now being converted into a high-end holiday residence. The project has been awarded €3.2 million in funding by the Regione Puglia, confirming the region’s commitment to supporting quality private investments in hospitality.

This is part of the Mini PIA program (Programma Integrato di Agevolazioni), designed to stimulate economic growth by co-funding strategic, high-value projects in tourism, real estate, and innovation.

A Note on Otranto – Arch. Aldo Russo’s Signature

Among the three funded projects, the intervention in Otranto is being led by Architect Aldo Russo, renowned for his elegant, contemporary approach to restoration. His project involves the transformation of a 1970s condominium into a refined hospitality space, balancing minimalism with Mediterranean warmth.

Aldo’s architectural vision is grounded in a deep respect for local identity. He skillfully blends the memory of a building with a new functionality, giving new life to structures that have often been overlooked. His work is not only about aesthetics—it’s about creating spaces that evoke emotion, offer comfort, and tell a story.

We are proud to collaborate with Aldo Russo at M&T International, making his expertise available to clients who are planning similar initiatives, especially within the framework of Mini PIA and other regional development incentives.

Studio De Marco: Strategic Consulting That Delivers

Though not mentioned in the article, a key figure behind this project’s success is Studio De Marco, the consultancy firm that oversaw the application and approval process with Regione Puglia.

Their in-depth understanding of funding criteria, business planning, and project presentation played a pivotal role in securing public support. With a reputation for excellence, Studio De Marco is a vital partner for any entrepreneur looking to access regional or national incentives.

M&T International: Connecting You to the Right People

At Mari & Trulli International, we proudly collaborate with Aldo Russo and Studio De Marco. For clients interested in launching their own Mini PIA-funded projects, we provide:

• Access to award-winning architectural services

  
  

• Guidance and grant application support

  
  

• Local expertise and strategic project management

  
  

Whether you're investing in a masseria, a boutique hotel, or a historic residence, we help bring your vision to life — with the right people by your side.

Ready to Launch Your Project in Puglia?

If you’re considering investing in Southern Italy, now is the time. The Mini PIA program offers a unique opportunity to turn bold ideas into successful ventures.

Let’s talk. Contact us for a free consultation and discover how we can support your journey.