Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Billionaires Mikhail Fridman, German Khan, Buying London Luxury Student Dorms

Russian investors have been facing a hostile response to its attempts to invest in the U.K., because of cooling relations between Moscow and London.

Mikhail Fridman,   German Khan

Tycoon Mikhail Fridman is leading An investment group of Russian billionaires looking to purchase luxurious student facilities in London, for an estimated $824 million, propertyweek.com reported.

Fridman wants to buy the 2, 150-bed Pure Student Living, with five luxury housing blocks, from Carlyle Group and Generation Estates.

Fridman’s Luxembourg-based LetterOne was set up in 2013, with the aim of investing the profits Fridman and his partner German Khan have collected from selling their share in the oil firm TNK-BP to the state-owned Rosneft.

So far, however, LetterOne has been facing a hostile response to its attempts to invest in the U.K., because of cooling relations between Moscow and London.

Fridman is Russia’s second-richest person, with about $17.6 billion, according to Forbes. Khan has an estimated at $10.2 billion.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.