Costa Rica: New Real Estate Investment Fund

The investment fund belonging to the fund manager of Grupo Prival has authorized a maximum amount of $150 million and the term will be 30 years.

Wednesday, December 6, 2017

The General Securities Superintendency authorized Sociedad Administradora de Fondos de Inversión de Grupo Prival to set up and sell stakes in the real estate investment fund.

Elfinancierocr.com reports that "...The amount authorized by the General Securities Superintendency (Sugeval) for the Prival fund is $150 million, with 30,000 shares and each of them will have a nominal value of $5,000. The expiration term will be 30 years and the maximum term for the placement of the authorized amount runs up to December 31, 2022."

Mauricio Hernández, manager of Prival Fondos de Inversión, explained to Elfinancierocr.com that "... they will seek to grow outside and within the Metropolitan Area.

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