The Wall Street Journal stated Merrill Lynch & Co. raised $2.65 billion for an Asian real-estate fund in a sign that investors see opportunities in the region's weakened property markets.
The company will invest in real-estate assets and property companies, with a focus on Japan, China, South Korea and India. There are exceptional opportunities in Asian real estate over the medium and longer term according to Tim Grady, Merrill Lynch's regional head of global commercial real estate...
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Investment target on the Asian property market
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