ITALY: Campari sells office to Morgan Stanley

By | 21 July 2003

The Italian drinks maker Campari will book a €34m capital gain in its 2003 results after it sold its main office building in Milan to a Morgan Stanley fund.

In a statement, Campari said it sold the modern building in central Milan to Morgan Stanley Eurozone Office Fund for €47m.

Under a deal with Morgan Stanley, Campari will keep its headquarters in the via Turati office under a six-year lease.

The maker of the famous bitters brand will then move to new offices it is going to build in the Sesto San Giovanni suburb.

Sectors: Spirits, Wine

Companies: Campari

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