A Qatari investment company linked to the country's sovereign wealth fund plans to launch two $500m funds to invest in Russian and Brazilian real estate, a further sign of deepening economic links between emerging market countries .
The First Investor (TFI), a company controlled by Qatari Diar, the real estate arm of the Qatar Investment Authority (QIA), will partner Gazprombank in Russia to launch a mostly Moscow-focused real estate fund in October 2010.
The two parties have so far committed a total of $150m to the fund, which is targeting a rate of return of 20 to 25 per cent.
No comments:
Post a Comment