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Telecom Italia: sale of the building in Via Negri Milan for 75 million

Long term rental contract signed

03/31/2014 - 05:45 PM

Telecom Italia announces to have sold the building owned in via Negri 1, Milan, to Fondo Inarcassa RE for 75 million euros.

The building, located in a highly prestigious zone of the city centre, very close to Piazza Affari and the Duomo, offers 6 floors above ground and a basement floor, for a gross usable area of 11,600 square metres.

The building, comprehensively renovated in 2007, hosts, primarily, offices and a telephone exchange on the ground floor and basement.

Together with the deed of sale, Telecom Italia signed a long term rental contract, the building will remain the Milan headquarters of the Company.

Rome, 31 March 2014


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