Subscribe to industry newsletters

Advertise on Bizcommunity

Benetton to build shopping mall

ROME, ITALY: Italian clothes maker Benetton signed a deal on Wednesday to restore a historic palace in Venice and turn it into a shopping centre as the watery city taps the private sector to help fund costly projects.
The 16th-century Fondaco dei Tedeschi has been abandoned for years and its sale and restoration are estimated to be worth around €100m (US$130m - about R1.06bn) although the details of the agreement were not immediately known.

The building, which was the headquarters for the city's German merchant community for centuries, also served as Venice's central post office in the 20th century. It is located on the Grand Canal near the famous Rialto Bridge.

"Benetton's proposal is very good," Venice mayor Giorgio Orsoni said, adding that the project would help with "the revival of the historic centre".

Dutch architect Rem Koolhaas is overseeing the restoration and Benetton said the new centre would employ around 400 people and draw crowds of visitors.

Orsoni drew controversy with the art world earlier this year by funding the restoration of the Bridge of Sighs by allowing advertisers including jewellery giant Bulgari to drape giant billboards over the bridge during its restoration.

Source: AFP via I-Net Bridge


I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: