Pirelli Pekao to build new complex in Warsaw

Pirelli Real Estate's Polish joint venture Pirelli Pekao RE plans to develop a new 150,000 m[sup]2[/sup] residential and commercial complex in Warsaw. Pirelli Pekao, in which Pirelli holds a 75% stake and Unicredit's Bank Pekao unit controls the other 25%, said that the first phase of the development will include 431 apartments on 28,508 m[sup]2[/sup] of space, 491 parking spaces and 180 m[sup]2[/sup] of commercial space. Pirelli Pekao Real Estate will provide asset management services to the three-building complex.

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