Monday, 13th October 2008

 

Trump considers $1bn India real estate fund

Donald Trump Jr is planning to establish a real estate fund of as much as $1bn (€633m) to invest in the Indian property market, according to a report in The Times of India.

New York-based Trump Organisation is also looking to set up a residential and hotel project in Mumbai, in partnership with a local partner, to tap the growing wealth of middle and higher income Indians.

"Our entry has to be in Mumbai and that's where everything is going on right now in terms of the high-end real estate," Trump was quoted as saying in The Times of India report.

Read the original

Brummel

Headline

Mayfair goes Modern

Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.

Rich Monitor

US billionaire loses $13.5bn fortune in stock market carnage

Kirk Kerkorian, the legendary US billionaire, has emerged as one of the worst-hit investors from the current convulsions in the stock market, with his paper fortune plunging from a high of $16.6bn (€12.3bn) to just $3.1bn, according to a report in New York Post.

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347