French real estate agent Awon Group has joined forces with Soros Real Estate Partners (SREP).
SREP is taking a 45% stake in the consultancy firm. It has put €118m (FFr771m) at the disposal of Awon Group to be invested on the real estate market.
Awon Group is also the AIG fund’s exclusive representative. AIG has invested €762m (FFr5bn) in recent acquisitions. Awon Group has a €10m (FFr65m) turnover, which comes from asset management, rents and asset arbitration.
Les Echos, 19 October 2000 p65
