Romanov Property Holdings Fund Sums Up 2015 Results

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The investment fund Romanov Property Holdings Fund summed up the results of the year 2015 and announced its plans for the next year. In 2016, the fund plans to acquire new assets and enter into new contracts for management of shopping centers in Moscow and the Moscow Region (as a shareholder of ECE Russland).

On 10 December, Romanov Dvor Business Quarter held a press conference during which Natalia Tischendorf, CEO for Romanov Property Holdings Fund, summed up the results of the year and reported on the plans for 2016.

The current conditions in the commercial real estate market open up new opportunities for successful deals and purchases. In 2015, RPHF entered into three major deals. The company acquired OBI Pulkovskoye in St. Petersburg which is the second facility in the fund’s portfolio with such a reputed operator as OBI.

Besides, in 2015, the fund closed the deal on purchase of 50% shares of ECE Russland from ЕСЕ (the German company rendering professional management services with regard to shopping centers in Europe). Moreover, in November 2015, ECE Russland concludуed a contract with Immofinanz for management of one of the largest shopping centers of Moscow – “Zolotoy Vavilon Rostokino” with a leasable area of 170,000 sq m.

“In 2016, we are planning to acquire at least two new assets for the fund’s portfolio, right now we are considering both office and shopping facilities located in Moscow and the Moscow Region which have the value growth potential, informed Natalia Tischendorf. In addition, we intend to expand ECE Russland’s presence in the management of Moscow shopping centers.”