Allan Saunderson is managing editor of Property Finance Europe and a contributor to GlobeSt.com.
MILAN-The Italian development unit of the giant French property group BNP Paribas Real Estate has signed an agreement with Inpartner Servizi to cooperate in real estate development over the coming years. Inpartner has brought a number of projects into the partnership.
BNP Paribas RE Property Development Italy has been operating in Italy since 2007 and is chaired by Bruno Pinard. Inpartner Servizi, a subsidiary of Inpartner, is managed by Cesare Ferrero. The two companies committed to cooperate in real estate that may further consolidate in the coming years.
As a result of the agreement, Ferrero will work side by side with Bernard Chittaro as co-managing directors of BNP Paribas Real Estate Property Development Italy and Inpartner Servizi will bring in several ongoing real estate projects.
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