Italy's Eur SpA is planning to double its property portfolio from the current EUR 670 mln to EUR 1.2 bn over the next five years, Eur said in a statement. The listed company manages assets in Rome's central Eur district and is 90%-owned by the ministry of economic affairs with the remainder in the hands of the municipality of Rome. The company is currently active in the renovation of Rome's Palace of Italian Civilisation; the development of a new convention centre for the city; as well as the refurbishing of the Olympic Velodrome.
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