U.S. fund clinches Russia’s largest ever real estate dealJanuary 17, 2012 - 12:05 AMT PanARMENIAN.Net - A U.S. investment fund has agreed to buy a shopping mall in downtown St. Petersburg for $1.1 billion, in Russia’s largest ever real estate deal. Morgan Stanley Real Estate Fund VII will purchase the Galereya (Gallery) center from Meridian Capital, run by a group of Kazakh investors, sources close to the transaction told Vedomosti business daily. The purchase of the mall, St. Petersburg’s largest, is expected to be completed later this month. If completed, the transaction will be the largest on Russia’s real estate market, business analyst Sayan Tsyrenov told Vedomosti. Galereya opened in November 2010 and features 290 stores, a 10-screen movie theater, and a 27-lane bowling alley. Morgan Stanley and Meridian Capital were not available for comment, RIA Novosti reported.   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
