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Pramerica real estate to launch China, Brazil funds

Posted on 26 January 2011

From Reuters: Pramerica Real Estate Investors is targeting commercial property in the emerging markets of China and Brazil with two new ventures, seeking to capitalise on the positive economic growth generated by those countries.
Chief Executive Allen Smith said on Tuesday that this year Pramerica, a unit of U.S.-based Prudential Financial, plans to launch a China fund to develop prime retail assets in top-tier cities, and structure a private placement focused on development of industrial logistics property in Brazil……………………………………….Full Article: Source


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