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
Australia's Valad rejigs Europe operations in JV with Bank of Scotland
The Australian-listed property group Valad is making a major restructuring of its European operations, founded just two years ago, with the placement of £230m of real estate assets and £187m of equity into a joint venture with major creditor Bank of Scotland. While Valad is keeping European property fund operations independent of the 50:50 JV, to be called DUKE, the agreement provides the JV with the right to the net proceeds should Valad Europe be sold within the next three years.