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Florence: Blue Noble and Hines acquired the former Teatro Comunale

02 March, First Online

Cassa Depositi e Prestiti sold the former Teatro Comunale in Florence to a joint venture formed by Blue Noble and Hines. According to the rumours, the transaction amounted to 25 million euro and was founded by Bnp Paribas, whereas the reconversion costs are assessed at 75 million. The theatre will be turned into apartments, a part of which will be sold, while the rest will be rented at affordable prices. The works are expected to start in 2020 and finish by 2022.

Source: First Online

Translator: Cristina Ambrosi