Closed phase one of the agreement announced between Pirelli RE and MSREF in the field of NPLs

Dec 22 2004
Price sensitive
- Closed phase one of the agreement announced last August between Pirelli RE and Morgan Stanley Real Estate Funds (MSREF) in the field of non-performing loans (NPLs)

- Pirelli RE acquires from msref 15% of the equity in a portfolio of NPLs with a