Pirelli RE has completed the purchase of 96.83% of Deutsche Grundvermoegen (DGAG), and said it intends to buy a further 2.54% in the German company, through an agreement with the entrepreneurs Abert Buell and Cornelius Liedtke. The total investment by Pirelli in the property group comes to EUR 465 mln.
Hungarian retail real estate manager Shopper Park Plus (SPP) plans to acquire four Tesco-anchored retail parks in Slovakia with a total gross leasable area of 72,146 m2.
