A consortium led by Pirelli Real Estate has been awarded four out of twelve facility management contracts from Consip, a state-owned company that provides IT support to government and public agencies in Italy. The contracts have a four-year term and will provide total revenues of EUR 274.5 mln, or about EUR 68.6 mln per annum, Pirelli RE said in a press release. This is in line with the company's target of doubling revenues for facility management in the next three years, researcher Martijn Geers at merchant bank Kempen & Co said.
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