PropertyEU

AFI sells Moscow office building for EUR 133m

By A staff reporter 2008-05-20T00:00:00

London-listed Russia-based AFI Development, a subsidiary of Africa Israel Investments, has announced the sale of the Aquamarine II office building in central Moscow for $207mln (EUR 133mln). The implied exit yield was 6.8%. The 16,372 m[sup]2[/sup] nine-storey Class A office building has a leasable area of 12,678.5 m[sup]2[/sup]. It is ...

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