Olinda Fondo Shops, a listed real estate investment fund managed by Pirelli RE, has bought a commercial real estate portfolio for EUR 60 mln. Pirelli REsaid on Thursday that the assets, valued by CB Richard Ellis at EUR 60.35 mln, have been bought from Erice, a company owned 60% by Deutsche Bank and 40% by Pirelli RE.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
