Wed 17 Mar 2010
Saxo Bank Launches Property Investment Products
Posted by EPR Network under Business, Consumer Services, Featured, Financial, Internet & Online, Real Estate, Software, Technology
No Comments
Released on: March 17, 2010, 7:45 am
Author: Saxo Bank
Industry: Financial
Saxo Bank, the online trading and investment specialist, will now offer property investment products for both private clients and institutional investors through a new company, Saxo Properties.
The newly formed investment firm Saxo Properties, fully owned by Saxo Bank, will launch closed-ended funds for both high net worth clients and institutional investors. Two of the Danish real estate industry’s most well-known individuals, Jesper Damborg and Claus Klostermann, will respectively become CEO and managing director of investments at Saxo Properties.
“Initially, Saxo Properties will focus on handpicked Copenhagen residential, office and retail properties. The first fund will close within the next three months, but we intend to establish a number of funds with a significant ownership capital of at least DKK 250 million,” said Jesper Damborg.
