04.03.2013 - BSG eyes distressed European property
Beny Steinmetz, the diamond mining entrepreneur and one of Israelís 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 continentís governments and companies. The billionaire has hired Chris Papachirstophorou, a former head of real estate at Deutsche Bankís fund management arm, RREEF, to oversee the business, which will be launched on Monday...............................................Full Article: Source
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