The BMB Group announced an investment in Alliance Capital Partners to create BMB Alliance, a pan-European real estate investment manager
Investment management firm The BMB Group (“BMB”) announced an investment into Alliance Capital Partners (“Alliance”) to create BMB Alliance, a pan-European commercial and residential real estate investment firm. BMB Alliance begins its activities with over $4 billion of real estate assets under management. BMB plans to invest $500 million over the next 18 months into the activities of Alliance and the firm will develop a series of new funds. BMB was founded in 2004 by Asian entrepreneur Rayo Withanage and members of the royal family of Brunei. BMB Alliance will have offices in New York, London, Eindhoven, Berlin, Zurich, Abu Dhabi, Riyadh, Kuala Lumpur and Brunei.
For more information, see the press release.