Today it was revealed that the new Juventus club headquarters can be based in the recovered building which was once the Continassa farmhouse. Construction work on the building to ensure its safety and structural viability began in August.
“The Stadium has become a benchmark for all of the other cities and teams in Italy,” commented Stefano Lo Russo, Minister for Urban Planning in the City of Turin, this morning.
“We see this second project as a massive achievement, a result of the excellent collaboration between the main actors in this process. The positive relationship between Juventus and the city has produced a project which will give this area of the city a new lease of life. This centre will become one of the heartbeats of Turin and a must-see tourist attraction for those visiting the capital of Piedmont.”
His speech followed a letter from Mayor Fassino, who pointed out that, thanks to J-Village, “the suburb is being given a new lease of life and will go back to being a fully-fledged part of our city. Investing in Turin and the surrounding area is a very positive message and an opportunity for everyone.”
Alberto Bollea then took the floor. The CEO of Accademia SGR S.p.A., a management and savings company controlled by Banca del Sempione S.A, was tasked with explaining how the project will be structured financially.
“Putting together a real estate fund means involving a series of investors, namely Juventus (who own the area and its rights) and the banks – Unicredit (50%) and UbiBanca (50%) for a total of €64.5 million.”
Bollea also detailed the timeframe of the construction work, stressing that the project “can respect its deadlines.”