Sberbank CIB1, the corporate and investment banking business of Sberbank, has completed a deal to finance FORT Group’s acquisition of Immofinanz’s Russian real estate portfolio. The deal amounts to 901 million euros.
The deal is the largest portfolio investment and the third-largest investment transaction in the history of the Russian real estate market.
The portfolio includes five shopping centres in Moscow with a total area of 500,000 square metres, including the Zolotoi Vavilon (three locations), GoodZone and Fifth Avenue shopping centres.
“In terms of its size and complexity this is truly a landmark deal for the Russian real estate market. We are proud to have been a part of it,” commented Igor Bulantsev, Senior Vice President of Sberbank, Head of Sberbank CIB.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 145 million customers in 21 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.
Sberbank Press Service
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