Signature Group to Launch Real Estate Funds

December 19, 2006	(3 votes, average: 4 out of 5)  Loading ...
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Dubai-based asset management firm, Signature Group, has announced to launch two real estate funds total over $650 million which would be listed on the Dubai International Financial Exchange (DIFX) in the first quarter of 2007. The money will be used to finance development projects in UAE and India.

Company authorities are currently holding talks regarding negotiating distribution agreements in the Gulf region and other parts of the world, says Rafat Rivzi, board director of Signature Group.

This prominent conglomerate is working hard to finalize several fund structures including development and rental closed and real estate funds for the Middle East and India. Most potential investors from the countries like Korea, Japan, Australia, and Singapore have shown their interest in investing.

Although, demand for Islamic funds is shooting up but still lacks to grab the attention of places like Europe, added Rivzi.

News Published Under:   Real Estate India |