Swiss investment bank Crédit des Alpes agreed to acquire an interest in Parinvest Group, a Miami- based real estate broker and asset manager.
The transaction will lead to the creation of a new company, Parinvest Asset Management Inc., that will provide property sales and asset management services to foreign investors in Miami, Los Angeles and New York, Crédit des Alpes said in an e- mailed statement. Financial terms of the deal, which the firm said would help it access investment opportunities for Latin American clients, were not disclosed.
“Certain areas of the U.S. real estate market are, and will continue to be, safe and sound investments,”
Crédit des Alpes chairman Fabrizio Cerina said in the statement. “We have seen a strong increase in interest from our Latin American client base and we expect this trend to continue.”
Crédit des Alpes and Parinvest have been collaborating to advise clients on Miami property transactions since 2007, according to the statement.

Swiss bank Crédit des Alpes SA said it formed a real estate venture with three Miami companies as the U.S. housing market recovers.
Crédit des Alpes will partner with Domus One Group LLC, Parinvest Asset Management and Location 3 LLC for property developments in the U.S. and beyond, the company said in an e-mailed statement today. The venture, to be called Crédit des Alpes Partners, will include a subsidiary that will act as an agent and property manager, according to the statement.
Financial terms weren’t disclosed.
The U.S. housing market is rebounding as growth picks up in the world’s largest economy. American builders in November started work on more houses than at any point in the previous five years, according to the U.S. Commerce Department.