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BSG eyes distressed European property

Posted on 04 March 2013

Beny Steinmetz, the diamond mining entrepreneur and one of Israel’s richest men, is launching a $2bn venture to buy distressed European property, marking the latest effort by a wealthy investor to cash in on the funding difficulties facing the continent’s governments and companies.
The billionaire has hired Chris Papachirstophorou, a former head of real estate at Deutsche Bank’s fund management arm, RREEF, to oversee the business, which will be launched on Monday………………………………………..Full Article: Source


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