Immocorp, Hong Kong investor supersize West Palm condo buyout bids to $430M
Immocorp Capital is upping the ante on its bid to buy out a waterfront condo building, and it brought in reinforcements. BEKO Equities, a newly formed joint venture between Gilbert Benhamou’s Miami-based Immocorp and Hong Kong-based alternative asset manager O.D. Kobo, wants to purchase a pair of West Palm Beach condo buildings for about $430 million, according to sources familiar with the matter. BEKO is targeting the 140-unit Portofino South Condominium with a minimum offer of $250 million, and the 39-unit Flagler Yacht Club condo with an offer from $150 million to $180 million. It marks an increase in Immocorp’s […]This article originally appeared on The Real Deal. Click here to read the full story.
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