Pirelli RE remained in the red in the first quarter of 2009 but the loss narrowed compared with the last quarter of 2008, the company said on Tuesday. 'Again in the first quarter of 2009, the real estate industry felt the effects of the serious international crisis that began in the previous year,' it said.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
