Price sensitive
The agreement for the setting up of Pirelli Pekao Real Estate, a company with the participation of 75% stake held by Pirelli RE and 25% by Bank Pekao S.A. (Unicredit Group), has been signed today.
Pirelli RE acquired from Bank Pekao S.A. 75% of Pekao Development, which will be renamed to Pirelli Pekao Real Estate, for approximately 20 million euros. The Company is one of the leading property developers operating in the Polish market, with almost 40 employees managing various residential property development projects in the city of Warsaw of approximately 120,000 square meters.
Pirelli RE acquired from Bank Pekao S.A. 75% of Pekao Development, which will be renamed to Pirelli Pekao Real Estate, for approximately 20 million euros. The Company is one of the leading property developers operating in the Polish market, with almost 40 employees managing various residential property development projects in the city of Warsaw of approximately 120,000 square meters.