PropertyEU

Segro to build new facility for Alcatel Lucent in Italy

By A staff reporter 2011-04-29T00:00:00

Europe's industrial REIT Segro has agreed to develop a new 32,300 m[sup]2[/sup] campus facility for Alcatel Lucent at its Energy Park in Vimercate, Northern Italy. Alcatel Lucent has entered into a 10-year lease with Segro, generating annual rental income of £4.2 mln (EUR 4.7 mln).

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