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Russian investment volumes jump 116pct in Q1

Posted on 11 April 2013

Total investment in Russian commercial real estate reached $2.1 bn (€1.6 bn) in the first quarter of 2013, up 116% on the year-earlier period, according to Jones Lang LaSalle. The spike in volumes for the first three months of 2013 was mainly due to the closure of Morgan Stanley Real Estate’s acquisition of the Metropolis shopping centre in Moscow for an estimated $1 bn.
In March, Russian investor 01 Properties announced the acquisition of the White Square business centre in Moscow for a reported $1 bn (€774 mln). However this deal was actually closed in 2012. ……………………………………….Full Article: Source

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