Pirelli Re of Italian group Pirelli has announced its plan to enter the real estate markets of Romania and Bulgaria by August 2007. Company executive manager Puri Negri made the announcement in Milan last weekend, as quoted by Turkish Daily.
Pirelli Re is the third biggest company on the European real estate market.
According to Puri Negri, the Romanian entry will most probably come in the form of investment tools jointly operated with the UniCredit bank.
Pirelli Re is the dominant force on the Italian real estate market but is also present in Germany, Poland and Britain.
