SOFAZ officializes deal on purchase of business center in Moscow

SOFAZ officializes deal on purchase of business center in Moscow
# 26 December 2012 14:57 (UTC +04:00)

APA-Economics reports that the transaction value is $133 million.

Gallery Actor shopping and office center is located on Pushkin Square in the center of Moscow. The building was built in 1882. In Soviet times it housed Russian Theatrical Society and Actor's House along with eponymous restaurant. In 1995, the building is heavily rebuilt during the restoration. Now the total area of shopping and business center is 18,000 square meters.

According to the investment policy of SOFAZ overall value of the investment portfolio can be invested into the gold, equities and real estate with maximum limit of up to 5 % per each financial tool starting this year for the first time. Earlier SOFAZ announced acquisition of property in London and Paris.

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THE OPERATION IS BEING PERFORMED