Pramerica To Float China, Brazil Funds

Pramerica Real Estate Investorsis seeking to float a China fund to develop prime retail assets in top-tier cities,Reutersreports. The real estate management business ofPrudential Financial, is also eyeing to launch a Brazil fund focused on development of industrial logistics property in Brazil.

The Brazilian fund is being marketed and is expected to close in the second half of this year, followed by an investment period of around three years. The Chinese retail-focused fund’s launch date is dependant on securing a lead investor.

Click here for the story fromReuters.