The Sunday Telegraph says serial entrepreneur Peter de Savary is to launch a $200m (£103.5m) Caribbean property fund with investment house Matrix Group.
The two parties are aiming to raise $100m in third-party funds, to be matched by investment from de Savary and Matrix, to create what is thought to be the first Caribbean property fund to be marketed in the UK.
The fund will invest in tourist schemes in Great Abaco and Port Louis in Grenada.
Sunday Telegraph Business 11/03/2007 page 2
