Rome, 4 October 2011 – Acea SpA has decided to purchase the Company’s historic headquarters building, located at Piazzale Ostiense no. 2 in Rome, thereby reinforcing its over 100-year old ties with the local area and the citizens of Italy’s capital city. The Company is taking advantage of the decision by the current owner, the real estate fund manager, Beni Stabili Gestioni SpA SGR, to sell the property, exercising the preemption right provided for in the lease agreement.
In addition to improving EBITDA by eliminating significant rental expense, the purchase, completed at a price of approximately 110 million euros, will enable the Company to strengthen its asset base, confirming its ability to invest whilst safeguarding its solid and balanced financial structure.
Discover the latest news and initiatives of the Acea Group