Canada Pension Plan Investment Board said on Wednesday it will open an office in São Paulo in April, intent on boosting real estate and infrastructure investments in the region even as money is flowing out of emerging markets. Read more
(Valor) The British firm Salamanca Group, specializing in risk management and investments, closed an association with the South African logistics company Grindrod to invest in logistics and real estate projects in Brazil. Each partner will have 50% of the business, which will involve investments of U$ 250 million over a period of up to two years. Read more at Valor.
(REIT.com) The private real estate fund market in Latin America has been picking up steam over the past several years with growing numbers of Latin America-focused funds in the market looking to raise capital and fund managers headquartered in the region, according to an Aug. 8 report from alternative assets research firm Preqin. Read more
(Valor Economico) The Carlyle Group now owns 100% of Real Estate Developer, Scopel- its first investment in Brazilian real estate. After the crisis with the Scopel family, the private equity fund will command sole operation and has already begun restructuring, according to Valor Economico. Read more
(Nota de Prensa) (Mexico D.F. a 15 de abril de 2013) El Fondo de inversión inmobiliario Vertex Real Estate Fondo I y Gerbera Capital formalizaron un programa de inversión inmobiliaria para proyectos residenciales, mixtos y de oficinas para Guadalajara en el Estado de Jalisco. Los proyectos serán desarrollados por Gerbera Capital quien cuenta con amplia experiencia desarrollando este tipo de proyectos y con una oficina en Guadalajara.
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(Pulso Social) Argentine company Properati closed a seed funding deal for its regional expansion. The amount of the investment hasn’t been officially revealed, but we’ve heard it’s around US$200,000 (AR$1 million). Interestingly, the funds are from angel investors who have already invested in Sumavisos.com as well as entities such as U.S.-based GroupArgent and NXTP Labs (where the startup is currently being accelerated). Read more