Launch of Office Fund Cloe, Pirelli RE SGR’s first seeded real estate fund for qualified investors

Jun 30 2004

Launch of Office Fund Cloe, Pirelli RE SGR’s first seeded real estate fund for qualified investors

39 predominantly office properties, with a market value of 877.5 million euros

Fund’s value, net of debt, equal to 298.5 million euro

After allocation, 70% of the offering placed with italian investors, 30% with international investors