The agreement for the total spruce-up of the Luigi Ferraris Stadium in Genoa, Italy, was signed recently between the real estate developer CDS Holding and the Italian professional football clubs Genoa CFC and UC Sampdoria.
‘Genoa Smart’ stated that the above deal was struck in a meeting held at the Palazzo Tursi (building in Genoa, Italy).
The 36,599-capacity Luigi Ferraris Stadium, also known as the ‘Marassi’ from the name of the neighborhood where it is located, is a multiuse stadium in Genoa, Italy. The home of the Italian professional football clubs Genoa CFC and UC Sampdoria it opened in 1911 and is the oldest stadium still in use for football and other sports in Italy.
The Genoa Cricket and Football Club is an Italian professional football club based in Genoa, Liguria (Italy). The team competes in the Serie A, the top division of the Italian football league system. The Luigi Ferraris Stadium serves as their home ground.
The Unione Calcio Sampdoria, commonly referred to as Sampdoria, is an Italian professional football club based in Genoa, Liguria (Italy). They compete in Serie B, the second division of the Italian football league system. The Luigi Ferraris Stadium serves as their residence.
Lombardy (Italy)-based the CDS Holding are among the leaders in Italy in the real estate industry and the main player in the development of Retail Real Estate with over 70 structures completed over 25 years for a developed area of over 1,000,000 square meters.
‘Genoa Smart’ quoted the Acting Mayor of Genoa, Pietro Piciocchi, as stating, “We are very pleased over the above deal. It has set the stage for going ahead with the total transformation of the Luigi Ferraris Stadium and the overall urban redevelopment of the area. Not only will the stadium wear a new look but the area skirting it will also get developed. The neighborhood will also get a development push and will become a vibrant place. We want the stadium to be a hub of sports and entertainment and a place where the young crowd can come and let their hair down. We want the ‘Marassi’ to be the soul of Genoa.”
The binding offer will be presented to the Municipality of Genoa by the above two clubs and the real estate firm CDS Holding by the end of March and a public tender procedure will follow.
The above deal was signed by the Genoa CFC head honcho Flavio Ricciardella, the UC Sampdoria President Matteo Manfredi and the CDS Holding General Manager Massimo Moretti.
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