Renaissance Real Estate will focus on managing real estate investment funds in Russia and international markets, and providing advisory services to high-net-worth individuals, and institutional investors seeking access to the Russian real estate market.
Renaissance Real Estate plans to launch a new real estate fund, targeting assets under management of $300-400m by the end of 2012; and introduce innovative investment instruments that give Russian investors access to international residential and commercial property markets.
Ekaterina Konstantinova has been appointed as CEO; and Stephen Jennings, CEO of Renaissance Group, will serve as chairman of the unit’s executive committee.
Jennings said Ekaterina has a wealth of experience in managing real estate funds, and she is a leading expert in the industry in Russia and the CIS.
"We are confident that the establishment of Renaissance Real Estate will create successful opportunities for institutional investors in Russia’s property market," Jennings added.
