Pirelli Real Estate's CEO Carlo Puri Negri has confirmed that the Italian real estate giant is interested in acquiring Arcandor's department store properties in Germany. 'We are in talks for the purchase of Karstadt's buildings and for a small stake in the management company,' Puri Negri said Monday during a conference organized by Asso Immobiliare, the Italian real estate industry association. He added that the talks are expected to take four to five months.
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