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Juventus Football Club SpA Acquires Renewable Long-Term Lease on Portion of Continassa Area

Saturday, 22 Dec 2012 04:46am EST 

Juventus Football Club SpA announced that it will acquire a renewable long-term lease from the City of Turin, for a period of 99 years, on a portion of the Continassa Area, equal to 180,000 square meters, and the related pavement area (SLP) totaling 33,000 square meters, to house the new Training and Media Center for the First Team, tourism and hotel establishments, entertainment activities, private residences as well as businesses, restaurants and support services (Juventus Area). The price has been set at EUR 11.7 million, which assigns a value of about EUR 355 per square meter of SLP (totaling 33,000 square meters) and EUR 65 per square meter for the long-term lease (totaling 180,000 square meters). An SLP of 5,000 square meters, owned by Juventus, shall also be transferred to the Juventus Area, for the construction of premises to house the new headquarters. 

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