Prelios, formerly Pirelli & Co Real Estate, has reported a loss of nearly EUR 30 mln in the first nine months of 2010, compared to a loss of EUR 58 mln in the same period a year before. The figure mostly reflects heavy writedowns on its portfolio, accounting for roughly EUR 26 mln.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
