EEMEA round up: Evolvence Capital launches Reit
From a subsidiary of an English public school to a UAE migrant labour camp: diversification can hardly be said to be lacking at Evolvence Capital. The Dubai-based alternative investment group is reportedly planning to market bonds backed by commercial mortgages worth up to $700 million in order to kick-start a $1 billion Reit. Aside from a migrant labour camp, the Reit, the company’s first, will also contain a warehouse and offices. Evolvence is apparently aiming for the CMBS to be sold in the fourth quarter.