Pirelli RE to float Olinda commercial property fund (IT)

Pirelli & C Real Estate SpA chief executive Carlo Puri Negri said the group´s new fund Olinda, which specialises in shopping outlets, could be floated at the end of the year or in the first quarter of next year.

In an interview with the daily Il Sole 24 Ore, Puri Negri said the fund could be interested in buying the supermarket buildings of the Italian GS group currently owned by Goldman Sachs Whitehall fund, if the US group decides to sell.

He added that the group is studying the launch of funds specialised in residential property and called for a reform on rent taxation.

Source: Freeman

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