Pirelli RE (Pirelli & C. Group), listed on the Milan Stock Exchange since 2002, is one of the leading asset managers in the real estate sector in Italy and the rest of Europe with operations in Italy, Germany and Poland.
Pirelli RE is a fund & asset manager which enhances the value of and manages property portfolios for third party investors, through its distinctive model based on the integration of specialized services (Agency and Property Management) instrumental to the management activities (Fund & Asset Management).
Assets under management (AUM) currently amount to around €16 billion. Of the total, the property portfolio is worth €14.4 billion (Market value Decembre 2009) ,(of which 3.7 billion euro refers to assets owned by the group) and the remaining €1.6 billion consists of non-performing loans (in- and out-of-court recovery of problem loans on behalf of banks and investors).
As for the geographical breakdown of properties, about €7.2 billion worth are located in Italy, most of them managed through 19 real estate funds (approximately €5 billion) by the subsidiary Pirelli RE SGR—a leader in the domestic market with a market share of around 18%.
The rest of the portfolio is located in Germany (€7 billion) and in Poland (€0.2 billion in development projects).
Pirelli RE had a highly qualified staff, with in-depth interdisciplinary knowledge and an outstanding track record matured on the international competitive stage.
Pirelli RE is a fund & asset manager which enhances the value of and manages property portfolios for third party investors, through its distinctive model based on the integration of specialized services (Agency and Property Management) instrumental to the management activities (Fund & Asset Management).
Assets under management (AUM) currently amount to around €16 billion. Of the total, the property portfolio is worth €14.4 billion (Market value Decembre 2009) ,(of which 3.7 billion euro refers to assets owned by the group) and the remaining €1.6 billion consists of non-performing loans (in- and out-of-court recovery of problem loans on behalf of banks and investors).
As for the geographical breakdown of properties, about €7.2 billion worth are located in Italy, most of them managed through 19 real estate funds (approximately €5 billion) by the subsidiary Pirelli RE SGR—a leader in the domestic market with a market share of around 18%.
The rest of the portfolio is located in Germany (€7 billion) and in Poland (€0.2 billion in development projects).
Pirelli RE had a highly qualified staff, with in-depth interdisciplinary knowledge and an outstanding track record matured on the international competitive stage.