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04/09/2014
12:45
M&A: Vnesheconombank sells Novinsky Passage for RUB 13.5 billion

Expocom LLC acting in the interest of Sait-Salam Gutseriev and Mikhail Gutseriev has been declared the winner of the auction to sell 100% of the shares in OJSC Novinsky Boulevard, 31 (the owner of the Novinsky Passage shopping and office center), the Vedomosti reported.

Vnesheconombank from which Expocom acquired Novinsky Passage received this asset from Bank Globex pursuant to the latter bank's turnaround procedure.

The Gutserievy brothers will pay RUB 13.5 billion for the asset, a source close to them says.

Novinsky Passage is one of the biggest high-end mixed-use complexes with a total area, according to JLL, of 78,000 square meters, leased office premises of 36,700 square meters, commercial premises of 10,500 square meters.



"AK&M", 04.09.2014

 

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