Pirelli launches Romanian, Bulgarian arms

The Italian real estate investment firm has teamed with Unicredit Bank to create two new regional branches that will target residential development projects.

Pirelli RE, the real estate company controlled by Italian conglomerate Pirelli, continued its expansion in Central and Eastern Europe this week with the launch of two new branches in Romania and Bulgaria in partnership with the Unicredit Group.

The joint venture agreement will give Pirelli RE 80 percent of Pirelli RE Romania, while UniCredit Tiriac Bank will own 20 percent.

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