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Massaad Fares

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The slump may have started in luxury properties, but it has filtered down as Lebanon’s stagnant economy and government vacuum weighs on confidence and spending power. (Shutterstock)
October 14th, 2018 - 02:25 GMT

Lebanon Fund Hopes Diaspora Could Revive Real Estate Market

Legacy Central, which aims to raise $1 billion in equity and debt in three $325 million stages, says it will invest wholesale in apartments which developers have been struggling to shift for years, selling them on to Lebanon’s extensive diaspora.
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