The purchase by Romanov Property Holdings Fund of the Vremena Goda retail center was declared one of the top 10 investment deals of 2013. The rating was compiled according to information provided by the leading real estate market players.
DEALS OF THE YEAR
According to Expert-Online, the commercial real estate information and analysis portal Arendator.ru carried out a study on the largest investment deals on the Russian commercial real estate market in 2013. The purchase by Romanov Property Holdings Fund of a 60% stake in the luxury class Vremena Goda shopping center was among the largest deals of last year.
In the third quarter of 2013 Romanov Property Holdings Fund (RPHF) completed the purchase of a 60% stake in the Vremena Goda shopping center, after having acquired a 40% stake 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.
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.