Italian property group Pirelli Real Estate is targeting the sale of EUR 1 bn of assets this year as part of a plan to restructure its business, news agency Radiocor has reported, quoting chairman M. Tronchetti Provera. The Milan-based property group, which last week unveiled a EUR 15 mln operating loss for the first quarter, has already signed preliminary agreements for the disposal of EUR 290 mln of assets, and has received non binding offers for a futher EUR 180 mln of property.
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