Italy's Pirelli Real Estate denied media rumours on Tuesday that the Milan-based property giant plans to demerge its real estate funds and sell them in a major restructuring of its activities. The company was responding to an article in Italian newspaper La Repubblica which reported that the company was mulling the sale of part of its fund assets as part of a planned capital increase.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
