PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Former Copper Beech MD sets e100m distressed property fund
Diwaker Singh, the former MD of Romanian residential developer Copper Beech, is setting up a property investment fund with start-up capital of e100m to focus on the acquisition of distressed properties worth over e10m. The fund has UK and US shareholders, and will be managed by Singh, who stepped down from Copper Beech in April. He will also exit Copper Beech as shareholder. "Singh owns one share in each of our 16 projects, and he must return these, except for the Blue Tower share," said Copper Beech President Dinesh Dhamija, the founder of the ebookers internet ticket agency and one of the UK's richest men.