BDO launches South African fund

BDO Simpson Xavier is launching a €100 million fund aimed at investing in commercial property in South Africa.

20th May, 2006

BDO Simpson Xavier is launching a €100 million fund aimed at investing in commercial property in South Africa.

The accountancy firm is seeking to raise €25 million in equity from investors and then gear the fund to €100 million using bank borrowings. The minimum investment in the fund is €200,000.

The fund is targeting after tax returns of more than 20 per cent per annum on investors’ equity.

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