Renaissance Launches Real Estate Unit

Russian investment firm Renaissance Group has launched a new real estate business.

Russian investment firm Renaissance Group has launched a new real estate business, Banking Business Review reports. The new firm Renaissance Real Estate will manage real estate investment funds in Russia and international markets and offer advisory services to high-net-worth individuals and institutional investors.Renaissance Real Estate may roll out a new real estate fund, which will target assets under management of $300-400 million by the end of 2012. Ekaterina Konstantinova will be the CEO of the new firm, while Renaissance Group’s CEO Stephen Jennings will serve as Chairman of the unit’s executive committee.

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