US investors put USD 615 M in European real estate fund

Dublin-based Quinlan Private, international private equity and real estate group, has raised USD 615 million of equity capital from US investors to invest in properties across Europe."There's a strong degree of interest among US investors in European properties, and the fund has been able to capitalize on that" a spokesman for Quinlan Private told Commercial Property News (CPN), adding that the fund is now oversubscribed.The Quinlan Private European Strategic Real Estate Fund is to invest in real estate assets in Western Europe, as well as parts of Central and Eastern Europe.The fund has so far invested in retail developments in Bulgaria and Slovakia and office properties in the Netherlands, the UK and Germany.

European University to Open Doors in Bulgaria

An agreement of opening a European University in Bulgaria was signed, the mayor of Pernik Municipality Rositza Yanakieva announced.The university will be based in the city of Pernik (Southwestern Bulgaria, near Sofia).The University will be private and will accept 1840 students in the subjects: business administration, computer systems, information, telecommunications, architecture and engineering.The project's coordinator is Professor Hristo Hristov from the Technical University - Sofia.The university is expected to start action in 2009.Pernik Municipality engaged itself to cooperate for maximally fast realization of the construction and starting of the project.