Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Mikhail Fridman to Invest $1 bn into US Real Instate
21.12.2011 18:30
Mikhail Fridman to Invest $1 bn into US Real Instate

Russian billionaire Mikhail Fridman, the founder and co-owner of Alfa Group Consortium, is going to invest up to $1 billion in properties on the east coast of the United States, The Wall Street Journal reported on Wednesday.

Mr. Fridman is launching a real-estate fund together with New York-based property developer and manager Rosen Partners to focus on distressed properties from Boston to Miami. The fund will invest into office complexes, hotels and dwelling realty. The businessman expects 20% annual profit.

In 2011 Mikhail Fridman holds the sevenths place in Forbes list of the richest people in Russia. His assets are estimated into $ 15 billion.



Author: Irina Fomina

Tags: investment business    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Resort Olympus  Satellites  Days of Europe  Facets Chamber  St. Petersburg  Russian exhibitions  Kremlin  Konstantin Stanislavski  Moscow  Russian government  Roscomnadzor  Architecture Monuments  Moscow Museums  Exhibitions in Moscow  Kostroma  Kirill Esin  firefighting  Mercedes-Benz Fashion Week Russia  Russian tourism  Free internet  Gorky Park  Russian journalists  Russian economy  Russian singers  Gold Phoenix Film Festival   Photo Exhibitions  Moscow exscursions  Gidon Kremer  Donetsk  Federal Register of diplomas  Russian football team  Russian wedding custom  Russian Internet  Russian Cinema  Leningrad Region  Russian science  New Year  Russian art  Russian business  Film Restoration  Horror Fiction  Film Festivals  Cancer  Chelyabinsk  Volokolamsk  Graphic artists  Russian elections  Russian scientists  Alexander Gradsky  Russian designers 

Travel Blogs
Top Traveling Sites