Immofinanz (Austria) closed a deal on the sale of five trade centers in Moscow to Fort Group and completed withdrawal from the Russian market, the company informed.
Now Immofinanz is going to center its activity in Germany and Austria and on the well-developing markets in Eastern and Central Europe.
The Russian assets were sold for 901mln euro.
After the rebranding all these centers will be operating under the Novamoll name.
Fortgroup keeps trade centers in St.Pb. The purchase of the assets permits it to enter into the Moscow market.
The sale of the assets in Russia was required for the merger of Immofinanz with CA Immo. The realty portfolio of Immofinanz in Russia reached 997mln euro in value including 698mln euro in debts Mar. end.
"AK&M", 13:29, 07.12.2017 1251 AKM,COR