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29 Non-current assets held for sale

 
 30-Jun-12 31-Dec-11 
Land and buildings -  9,930(9,930)
General and specific plants   -  676 (676)
 -  10,606(10,606)

Non-current assets held for sale, reclassified from the item Tangible fixed assets in application of IFRS 5, amount to EUR 10,606 thousand as at 31 December 2011 and relate to:

  • the portion of the property complex in Berti Pichat area known as Area P1, amounting to EUR 8,003 thousand (preliminary sale agreement of 30 November 2011). In this regard, it should be noted that the area in question is to be redeveloped which will involve the construction, by a third party construction firm, of a new management building and urbanisation of the surrounding spaces; the agreement signed with the construction firm envisages that part of said building will then be leased to Hera Spa;
  • the property in Via Dozza no. 8 in Bologna, amounting to EUR 2,603 thousand (preliminary sale agreement of 21 July 2011).

 

Both real estate properties were transferred with notary deed on 30 June 2012.

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