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BTG Pactual To Float $3B RE Funds

Brazilian investment bank, BTG Pactual, is seeking to launch five new dedicated real-estate funds.

Brazilian investment bank, BTG Pactual, is seeking to launch five new dedicated real-estate funds, The Wall Street Journal reports. The lender will raise about $3 billion from the funds, of which four have been already approved and one remains under analysis.

The portfolios will concentrate on five different sections - logistics, commercial properties, undeveloped commercial and residential properties, shopping centers, and receivables. The funds must be launched within six months.

Click here for the story from The Wall Street Journal.

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