| From CNN: Merrill Lynch & Co.said it raised US$ 2.65 billion for a new Asian real estate fund. Merrill's Asian Real Estate Fund will look at a variety of investments, including direct real estate assets and real estate companies. The fund has a focus on Japan, China, South Korea and India and a secondary focus on Australia and Southeast Asia.
"We see exceptional opportunities in Asian real estate over the medium and longer term," Tim Grady, Managing Director and Head of Merrill Lynch Pacific Rim Global Commercial Real Estate, said in a statement..... Full Article: Source
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