American company invests $200-350 million in commercial real estate in Russia

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American company invests $200-350 million in commercial real estate in Russia

19.02.2008 14:58

American company invests $200-350 million in commercial real estate in Russia

Invesco Real Estate is going to invest about $200-350 million in Russian commercial property.

      Central European Real Property Fund II, managed by Invesco, has attracted 700 million Euros of investments to put into real estate projects in Eastern Europe. $200-350 million from the attracted funds will go for construction of business buildings, warehouses and sales centres in Moscow and St. Petersburg.

      The company is prepared to acquire several commercial real estate objects at the moment, but the representatives of Invesco Real Estate are determined to withhold names of the objects until the close of the transactions.

      source:
      Russian Business

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