Pirelli Real Estate and another unidentified fund are bidding for two property funds currently owned by the Unicredito Italiano's German unit HypoVereinsbank, Italian newspaper IlSole24Ore reported on Sunday. The combined value of the funds is estimated to be about EUR 2.5 bn.
Listed REITs and banks, British Land, Capital & Regional and Wells Fargo, bought and sold four shopping centres and retail parks this week.
