Pirelli Real Estate, the largest quoted property company in Italy, has joined the debate over the introduction of SIIQs, the Italian equivalent of real estate investment trusts (REITs). In an interview with Italian newspaper La Repubblica, Pirelli RE dismissed concerns that the proposed launch of the Italian REIT is causing the current slowdown in the Italian property fund sector.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
