Major shareholders in Pirelli Real Estate have agreed a pact that will give them control of the company after it is spun off. Milan-based Pirelli RE - which from next week will be renamed Prelios - is being separated from its mother company, tyre group Pirelli. The spin-off is designed to increase the real estate company’s profitability and attractiveness for investors.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
