Pirelli RE board approves creation of fund

Newswire

MILAN, May 27 (Reuters) - The board at Pirelli & C Real Estate approved on Tuesday the creation of the first of a series of funds to invest in the property market. The fund is to focus on the retail and office sectors in European countries where the Italian real estate group already has a presence, Pirelli RE said in a statement. Italian bank Intesa Sanpaolo is also looking to invest in the market. Its real estate unit, IMMIT, which will list on the Milan exchange in June, is ...

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