News - Squarestone May Invest 400 Million Pounds in Brazil, Valor Says

Aug. 26 (Bloomberg) — Squarestone Property Investment Management Ltd., a U.K. real-estate fund manager, may invest as much as 400 million pounds ($652 million) in Brazil, Valor Economico reported, citing James Morse, a fund shareholder.

Squarestone, based in London, plans to invest in the construction of shopping centers in Brazil and is in talks to buy at least eight developments, the Sao Paulo-based newspaper said.

Source: Bloomberg.

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