Russian lender Binbank and Bin Group have acquired a number of office and retail buildings in Moscow from UK-based Horus Capital for a reported sum of $270 mln (EUR 180 mln). According to a news report in Russian paper Commercial Real Estate, the two investors have purchased half of Horus Capital's real estate portfolio in Russia.
Russian lender Binbank and Bin Group have acquired a number of office and retail buildings in Moscow from UK-based Horus Capital for a reported sum of $270 mln (EUR 180 mln). According to a news report in Russian paper Commercial Real Estate, the two investors have purchased half of Horus Capital's real estate portfolio in Russia.
The portfolio comprises the Vympel business centre, offering some 55,000 m2 of space in Stary Petrovsko-Razumovsky Proezd, the 32,000 m2 Burevesnik building in Third Rybinskaya Street, as well as the Diapason property providing 40,000 m2 in Moscow's First Volokolamsky Proezd and the Oasis business centre with a further 63,000 m2 in Korovi Val.
CB Richard Ellis, Cushman & Wakefield/Stiles & Riabokobylko and Panorama Estate advised the seller. According to Commercial Real Estate, Binbank has already put the Diapason property back on the market with a price tag of $105 mln.
Horus Capital has retained ownership of a number of assets in Russian, including the 62,000 m2 Lefort business centre, Fabrika Stanislavskogo, Gamma, Krugozor, Avion as well as the Olympia Park development which will offer nearly 70,000 m2 on Moscow's Leningradskoe Shosse.
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