PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
UK's Laxey nears takeover of Pirelli's Spazio at 66% discount to NAV
London-based Laxey Partners has taken 37.5% of AIM-listed Spazio, an Italian industrial property investor launched by Pirelli Real Estate and Cypress Grove International. The offer values Spazio at e141m, a 66% discount to net asset value at end-2008. Laxey said its early July acceptances allowed it to declare the offer unconditional - closing this Friday 24 July.