Affinity Partners is in advanced talks on three property development investments in the Balkans that could be worth over $1 billion, according to a report by Bloomberg.
The private equity firm owned by Donald Trump’s son-in-law Jared Kushner plans to build a luxury Aman branded eco-resort community in Albania’s Sazan Island, develop Albania’s Zvërnec Peninsula with the addition of several resorts – almost 10,000 keys -, and transform three abandoned blocks in Belgrade, Serbia into a luxury hotel with commercial space and more than 1,500 residences.
Saudi Arabia’s Public Investment Fund invested heavily into Affinity Partners at the time of its inception in 2021, making up $2 billion of commitments of over $3 billion at the time. The company currently has $3.1 billion of assets under management.