Brazilian billionaire seals EUR 616m deal in London

By A staff reporter 2012-05-03T00:00:00

Brazilian billionaire Moise Yacoub Safra is reportedly paying £500 mln (EUR 616 mln) to acquire the Plantation Place office scheme in the City of London in a loan-to-own strategy. The office scheme was tied up in a commercial mortgage-backed security (CMBS) which breached its loan-to-value conditions in 2008.

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