Foruminvest's founder Michel Riaskoff will sell his interest in the company to partner and fellow director David Ermia, who will thus become the 100% owner of the Dutch development company.
Foruminvest's founder Michel Riaskoff will sell his interest in the company to partner and fellow director David Ermia, who will thus become the 100% owner of the Dutch development company.
Riaskoff, who has worked with Ermia for 20 years, will remain an adviser to Foruminvest on its Belgian projects, including the expansion of Les Grands Prés in Mons, which will include a new IKEA store. In a statement, Foruminvest said on Friday that it plans to move its head office to Amsterdam.
Michel Riaskoff will continue to use the office in Laren as the Dutch base for a new Brazilian shopping centre fund, which will be invested by both wealthy private individuals and institutional investors. The fund will invest in new shopping centre developments, with a dominant market position in growing cities from 200,000 inhabitants. The shopping centres will be developed by a Brazilian/Dutch team in Sao Paolo.
Foruminvest will continue to focus on developing/redeveloping and investing in leading shopping centres in the Netherlands, France and Italy and on its interests in Belgium.
