Italian property firm Pirelli Real Estate said it has formed a joint venture with Italian bank Intesa Sanpaolo to incorporate its European facilities and project management services. Pirelli will hold a controlling stake in the joint venture. Following the partnership agreement, Intesa Sanpaolo has bought from Pirelli RE 49% of Pirelli RE Facility Management Netherlands, which will change its name to Pirelli RE Integrated Facility Management. At the same time, the Italian lender has taken over from Pirelli RE 100% of Pirelli RE Facility Management, one of the leading companies in Italy with operations in Poland, through Ingest Polska.
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