National Bank of Abu Dhabi (NBAD) and Evans Randall, a London- based investment banking and private equity group, have signed a memorandum of understanding to form a joint venture to provide mezzanine investments in European real estate.
The joint venture, which will have a target size of $500 million, will focus on the UK and German markets. Since 2005, Evans Randall has acquired around $7.5 billion of UK and European property investments on behalf of itself and clients (including HBOS’s , Cisco Systems's and Financial Services Authority's headquarters in London).
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