BMB Group Nabs Stake In Alliance Capital

Law360, New York (June 23, 2010, 7:45 PM EDT) -- Investment management firm BMB Group Ltd. has acquired a stake in Netherlands-based real estate investment vehicle Alliance Capital Partners, aiming to create a tough competitor in the European commercial and residential real estate market.

In an announcement Wednesday, BMB Group said the merged firm, to be called BMB Alliance, will have over $4 billion in assets under management, including $1.3 billion in Dutch offices and logistics, $1.7 billion in German residential portfolios, and $1 billion in European shopping malls.

While the size of the stake BMB...
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