The purchase by Romanov Property Holdings Fund of a 60% stake in the Vremena Goda shopping center has been named among the Top 10 real estate investment deals of the Russian market in 2013. The rating was compiled by the internet portal Arendator.ru.
As a result of the deal Romanov Property Holdings Fund (RPHF) became the 100% owner of the asset. The fund acquired a 40% interest in the shopping center in 2012. RPHF was established in 2008 on a parity basis by RD Group and a consortium of private investors led by Ruben Vardanyan. The fund is focused on investment in premium class real estate in the Moscow market.
LARGEST DEALS OF THE YEAR
According to Arendator.ru, the total volume of investment in the commercial real estate in 2013 was slightly higher than in 2012, which notably was a record breaking year for the entire history of the commercial real estate market in Russia. The rating was compiled using data provided by Jones Lang LaSalle, Knight Frank, Colliers International, CBRE and NAI Becar.
The Vremena Goda shopping center is a luxury class retail gallery situated in western Moscow on Kutuzovsky Prospekt. The shopping center has a total floor space of 64,280 square meters.