TURIN — Stellantis will sell its 20,000-square-meter office space in the historical Lingotto complex in Turin to a software company to further reduce the automaker’s real estate costs.
The building, which has a test track on its roof, was designed by renown French-born Italian architect Giacomo Mattè-Trucco.
It served as a factory and headquarters to Stellantis brand Fiat from 1923 to 1939. It was also used by Fiat Group from 1998 until 2020.
That was when remaining staff was moved to the brand’s nearby Mirafiori plant by Fiat Chrysler Automobiles, which merged with France’s PSA Group last year to form Stellantis.
The Lingotto office complex was sold to Italian software company Reply, a Stellantis spokesman told Automotive News Europe. No value was given for the transaction, which needs approval from Italian architectural authorities because of the building’s historical significance.
Stellantis remains part owner of the former car factory converted into a convention center and shopping mall, as well as of the roof track and Casa 500 museum at Lingotto.
PSA Group has also taken steps in recent years to reduce its real estate assets. In 2017 PSA moved out of its longtime Paris headquarters near the Arc de Triomphe to the suburb of Rueil-Malmaison.
Three years later, PSA decentralized further, moving top executives and support functions to its Velizy technical center west of Paris, and others to its factory complex in Poissy, also west of Paris.
Stellantis is also looking to reduce its non-production sites in the Paris region to three from five, a spokesperson said, adding that sites in Satory and Trappes were likely to close.
Stellantis says it has no plan to leave its U.S. headquarters in Auburn Hills, Michigan.
As a Dutch-registered company, Stellantis has its head office and some permanent staff in Amsterdam. The company’s monthly board meeting takes place in city, where CEO Carlos Tavares will unveil the group strategic plan on March 1.