Juventus
    30.01.2014 10:30 - in: Official statements S

    Continassa: exclusive deal with Beni Stabili SGR

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    Juventus hands Beni Stabili Gestioni SGR the contract to create a real estate investment trust aimed at developing the project

    A new, significant step forward has been made with regards to work on the Continassa project: after acquiring the site on 12 September 2013, Juventus Football Club has now handed the contract to Beni Stabili Gestioni S.p.A. SGR, an asset management company, to create a real estate investment trust aimed at developing the project.

    Over the next six months, Beni Stabili Gestioni SGR will work with the help and support of Juventus to find the financial resources needed for the investment trust, through equity financing from third-party investors and debt financing.

    Following the City of Turin Council's approval of the redevelopment project for the Continassa area on 22 December 2012, Juventus acquired a 99-year lease on 14 June 2013 by signing a contract agreement with the City of Turin. The area, which lies alongside Juventus Stadium, will therefore be awarded and/or ceded to the investment trust.

    Juventus and Beni Stabili Gestioni SGR will work together to finalise the administrative procedure, which requires registering for PEC (Posta Elettronica Certificata, i.e. certified email, an Italian legal requirement) and the relevant agreement with the City of Turin, as well as identifying who will plan the project, the construction firms who will be in charge of building it and the final beneficiaries of the venture.

    A gross floor area of 38,000 square metres will house the first team's new Training and Media Centre and the club's new headquarters, a hotel, a hospitality area for individuals and companies, as well as private residences.

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