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U.S. investors move into U.K. housing

Posted on 18 April 2013

With the U.S. housing market recovering, some investors are looking across the Atlantic for opportunities in the U.K. housing market, as well. U.S. investors contributed more than 50% of the £200 million ($307 million) raised last month in an initial public offering by Countrywide PLC, the U.K.’s largest residential brokerage, according to people who worked on the deal.
Oaktree Capital Management LLC is now a majority shareholder of Countrywide, which relisted on the London Stock Exchange after a six-year stint as a private company…………………………………..Full Article: Source


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