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Brazil Property News: US firm's Brazil real estate investment exceeds $184m
2nd June 2008 04:37
Those looking at property for sale in Brazil could be interested to hear that a New York-based hedge fund and a Brazilian property developer are investing in a joint-venture to build Brazil real estate, it has been reported.
GoldenTree InSite Partners is teaming up with Sao Paulo-based Yuni Incorporadora to build new offices and apartments to the tune of some $184.3 million (£93.89 million), according to Bloomberg.
Joao Teixeira, managing director of the hedge fund, told the news provider that Brazil real estate lending will increase by more than one-third (36 per cent) this year, driven by the housing shortage and its booming national economy.
The property will target middle and upper-income buyers and the offices will be located in one of Sao Paulo's most exclusive areas.
Meanwhile, last week it emerged the Latin American country had been appointed investment grade by another leading credit-ratings firm, indicating the nation is ripe for investment.
For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
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How to invest in Brazilian property
When it comes to property investment, the early bird really does catch the worm.
uv10s web site is designed to help and will provide you with the following invaluable information:
- Why Brazil is now the best place for property investment
- Why its all happening in 2008
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- Brazil buyers guide
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