(Visited 491 times, 1 visits today)
(Visited 491 times, 1 visits today)

Pizzarotti to sell housing complex near the NATO military base in Sicily

26 November, Milano Finanza

Pizzarotti is currently evaluating the sale of some of its non-core assets. Specifically, there are two assets that the company might put on the market. One is Residence dei Marinai, near Catania (Sicily). The facility consists of 526 houses which accommodate the families of the American soldiers of the Sigonella NATO base. The residence is leased directly by the Government of the United States, and the contract will end in 2020.

The second asset is a migrant centre near Catania. In this case, the Italian Ministry of Interior terminated the lease in September, and Pizzarotti is currently waiting for the 12-million compensation while assessing a possible reconversion of the centre.

Source: Milano Finanza

Translator: Cristina Ambrosi