Orco to set up new real estate fund

19.09.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Sept 19 (Reuters) - Real estate developer and manager Orco Property Group <ORCO.PA> <ORCOsp.PR> said it would set up a new fund aimed at institutional investors.

It said in a statement the fund, part of its Endurance umbrella fund, would have initial equity target of 100 million euros.

"(It) will be focused on the acquisition, development, management and disposition of middle class and luxury residential properties located across central Europe, Germany, Croatia and Russia and will start its activities in October 2006," Orco said. ((Reporting by Jan Lopatka, editing by Quentin Bryar; prague.newsroom@reuters.com; Reuters Messaging: jan.lopatka.reuters.com@reuters.net; +420-224 190 474))

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Keywords: PROPERTY CZECH ORCO

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