Real Estate
The Graham family, former owners of The Washington Post, have announced they are selling the newspaper's headquarters to another big family business.
A Swiss-domiciled single family office has appointed a London property investment manager to manage and acquire a portfolio of up to £100 million of residential real estate in the city.
The family office of Hyatt heiress Karen Pritzker, and her husband Michael Vlock – in conjunction with real estate firm Colony Capital – has invested $50 million (€36.8 million) in an initiative to transform Southern Californian residential housing.
Family offices are rotating out of cash and bonds, and are instead upping their investments in equities and real estate, according to research.
Real estate is the oldest asset class in the world, dating back to the days when Ug the caveman waved a club and told his friends: “This cave mine.” Is now the right time to invest in property?
The number of high net worth individuals worldwide is set to swell by 50% over the next 10 years, with Latin America and Asia seeing the fastest growth, according to the Wealth Report 2013.
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