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WALL STREET JOURNAL Property Fund Said to Gauge Interest in I.P.O.
Colony Capital, a property fund based in Los Angeles, helped shake up Carrefour, a multinational retailer.
It was purchased for £91m from a private property fund and has unlocked the site.
The current market price "is not attractive" to the government, the Russian Federal Property Fund said.
Last week it temporarily halted dealings in its international property fund.
It was one of those commingled funds, the U.S. Property Fund, that sold the Commonwealth Tower.
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There is little doubt that the property-fund business needs reform, but how?
Its interests also spread to European property, with a stake in ING Property Fund Central Europe.
Prominent ones include the Investa Commercial Property Fund, based in Australia, and the Rose Smart Growth Investment Fund I, based in New York.
The government's National Property Fund, which owned 47% of the bank (and another 3% through an investment fund), inexplicably ducked the capital increase, so its stake was diluted.
The result has been contradictions and cleavages, both ideological eg, between the economic liberals and the socialist who oversees the state property fund and personal.
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