DTZ Corporate Finance has launched a fund to give European institutional investors access to the fast-growing real estate market in Brazil. The fund was designed by listed Brazilian holding company Monteiro Aranha to take minority stakes in residential, office and industrial properties and has a target return after tax of more than 20% per annum.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
