Italy's Pirelli RE has reached agreement with bank Intesa San Paolo to sell a stake of up to 10% in its property fund management business, Pirelli RE Società di Gestione del Risparmio (SGR). In a statement last week, Italy's largest property company said that the lender has already acquired 5% of the SGR for EUR 10 mln and has an option to acquire a further 5% in the company by the end of 2009.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
