Pirelli & C SpA has acquired 10.8 mln eur of shares in its unit Pirelli & C Real Estate SpA on the market, equivalent to about 1 pct, said Pirelli RE.
According to stock market regulator Consob, Pirelli already controls 55.1 pct of Pirelli RE, including Pirelli RE's own share stake of 2.7 pct.
Tuesday, February 12, 2008
Friday, February 8, 2008
Intesa Sanpaolo Plans to List Real Estate Fund
Intesa Sanpaolo, Italy's biggest retail bank with about 6,100 branches, said the real estate fund held 285 buildings totaling 471,500 square meters. Many of them are used by retail bank branches, most in central Rome and Milan.
SIIQs, the Italian version of real estate investment trusts, are an innovation in the country and have tax advantages for investors.
SIIQs, the Italian version of real estate investment trusts, are an innovation in the country and have tax advantages for investors.
Wednesday, February 6, 2008
GIC and ING in $593m Italian retail property buy
GIC Real Estate, the property arm of the Government of Singapore, said on Tuesday they bought the Roma Est Shopping Centre for 400 million euros ($592.5 million) in Italy's record single-asset retail property deal.
Each party has bought a 50 percent stake in the property from Italian food-retailing leader Gruppo PAM.
Each party has bought a 50 percent stake in the property from Italian food-retailing leader Gruppo PAM.
Sunday, February 3, 2008
Pirelli RE to bid for real estate funds
According to the daily, UniCredit's objective is not to sell the funds controlled by Pioneer but to find a partner with whom to develop and grow the real estate business.
UniCredit will retain a minority share in the asset management company that will take over the funds with a stake that will be defined when the closing of the deal is made, the daily said.
UniCredit will retain a minority share in the asset management company that will take over the funds with a stake that will be defined when the closing of the deal is made, the daily said.
Thursday, January 31, 2008
Gemina's Rome airport's 1.6 bln
A source at the airport said investments are going ahead this year, with works already underway continuing. Previously, AdR has said it is investing 150 mln eur in expansion of Rome airports.
The Il Sole report said the plans include divestment of duty free retail by June this year and maintenance operations by end-2008.
The Il Sole report said the plans include divestment of duty free retail by June this year and maintenance operations by end-2008.
Monday, January 28, 2008
Period apartments Tuscany
Tuscany is one of the most popular locations in the world for British emigration, this too gives another rental opportunity from family members wanting to go out and spend time with their ex-pat relatives. But it is also testament to the many wonderful sights and charming characteristics that Tuscany is world renowned for:
Italy is famous for fine wine and fast cars, but Tuscany's abundance of nothing but period style property gives it a charm all of its own. Its Mediterranean climate and world class beaches are also attractions to tourists and property investors from around the world.
Italy is famous for fine wine and fast cars, but Tuscany's abundance of nothing but period style property gives it a charm all of its own. Its Mediterranean climate and world class beaches are also attractions to tourists and property investors from around the world.
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