With reference to the binding agreement signed today fromthe consortium comprised of RREEF, GREF (Generali Group), Borletti Group and PirelliRE with Karstadt Quelle AG (Arcandor Group) to acquire its 49 per cent stake inHighstreet, the investment company that owns the majority of the German department storepremises, Pirelli RE points out that the coinvestment share is equal to 24.66%.