Italian property giant Pirelli Real Estate said on Tuesday that its board of directors has approved the launch of the firm's first European real estate fund. The new fund aims to raise EUR 1bn from investors, but Pirelli did not specify when fundraising efforts are due to begin. The fund will target investments in the office and retail sectors in countries where the Italian firm is already active - Italy, Germany and Eastern Europe.
Premium subscriber content – please log in to read more or take a free trial.
