Tuesday June 3, 08:08 AM
Carlyle earmarks 1 bln euro for Spanish property sector;opens new office -report
MADRID (Thomson Financial) - Private equity fund the Carlyle Group is opening a real estate office in Madrid to seek investment opportunities in Spain' property market, in which it forecasts investing some 1.0 billion euros in the next two
to three years, Cinco Dias reported, citing the company.
The company's management said it has a 'long term' commitment to Spain, and is not just looking to take advantage of the country's falling property market, the newspaper noted.
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