Pirelli RE is targeting real estate sales in the range of EUR 1.3 -1.5 bn in 2010, the Italian company said in a press release announcing its 2009 earnings. The figure is slightly above last year's achieved target of EUR 1 bn, which was realised in Italy, Germany and Poland at an overall sales margin of around 14% (19% in 2008).
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
