Prelios Deutschland – Confidence through Added Value
Prelios S.p.A., formerly Pirelli RE, was founded in the nineties, trading as Milano Centrale. Iniziative Agricole Commerciali Italiane ( IACI ) and Vitruvio merged to form a single company: Milano Centrale, the Group’s historic brand. Following the acquisition of Unim, the largest stock-market listed real estate company, in 1999, the company was rebranded Pirelli & C. Real Estate in 2001.
Since its flotation in 2002 Prelios has been listed on the Italian stock exchange and, among others, on the stock exchange in Frankfurt (floor trading and XETRA). Prelios’ business venture in Germany began in 2005 with P&K Real Estate, a joint venture between Prelios and Kronberg International, aimed at investment in Germany. DGAG Deutsche Grundvermögen AG was acquired in January 2007, with properties in Northern Germany and headquarters in Hamburg and Kiel. In July 2007 the BauBeCon Group from Lower Saxony was acquired from the Cerberus investment company. BauBeCon assumed the Prelios name in July 2008.
Prelios is an investment company that specialises in the real estate sector. With the corporate emphasis on Asset Management and Real Estate Services, Prelios Deutschland enhances performance potential without compromising management quality. That is the task of around 400 staff in Germany.
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