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.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
