PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Pirelli RE's Puri Negri steps down; funds head Malfatto appointed
Carlo Puri Negri is stepping down as deputy chairman and managing director of Italian listed Pirelli Real Estate, the property manager and owner of the tyremaking group and one of the nation's largest property companies. Giulio Malfatto, who has been running the SGR funds arm, will take over the MD post. The move was largely expected after Chairman Marco Tronchetti Provera late last year appointed a deputy alongside Puri Negri for operating the business after a deep slide in the share price. The share ended 11% higher at e4.6 prior to the news which came just before the long Easter holiday weekend in Europe. This compares to a 52-week range of e1.86-e13.7.