News
02.08.2024
Sale of Primium business-centre in St. Petersburg
Raven Russia and Sberezheniya Plus LLC closed the purchase and sale deal of the Primium business center in St. Petersburg
Raven Russia, the largest owner of warehouse real estate, completed the sale of the Primium business center in St. Petersburg. The buyer of the asset with a total area of more than 18,000 sq.m became the closed mutual investment fund of real estate "RD2", which is managed by LLC "Sberezheniya Plus". NF Group acted as a consultant for the transaction.
Primium business center is a modern office building located in St. Petersburg at 54, Primorsky Prospekt. The project was acquired by Raven Russia in 2017 as part of a package deal for the purchase of three assets in the region. The total area of the building is 18,379 sq.m. High quality of the asset and professional management ensured the continued interest of tenants in the project and its full occupancy at the time of the sale.
"We are pleased to complete this deal and consider it beneficial for both parties,” says Raven Russia's General Director Igor Bogorodov. – Primium business center is a high-quality asset with a balanced set of tenants, which has proven itself well in the St. Petersburg market. The sale was carried out as part of Raven Russia’s strategy to reduce its presence in the office sector and concentrate the company’s resources on our key warehouse market.”
“The acquired asset will take an important place in our flagship fund RD2,” says Alexey Streletsky, head of real estate funds at Sberezheniya Plus LLC. “Each of the fund’s more than 4,800 shareholders, along with this high-quality asset, will receive inflation protection for their savings and stable income quarterly payments, supported by contracts with reliable tenants.”
According to NF Group, at the end of the first half of 2024, the St. Petersburg office real estate market recorded a minimum level of vacancy: the total share of vacant space in the segment is only 5.4%.
Stanislav Bibik, partner at NF Group, notes that the real estate investment market is showing significant growth. In particular, in St. Petersburg, in the current conditions, transactions for the acquisition of office properties look especially promising given record low vacancy rate and rising rental rates. Thus, since the beginning of the year, about 50 billion rubles have been invested in this segment in the Northern capital. Objects such as Primium business center can take a worthy place in portfolio of any investor.
Raven Russia, the largest owner of warehouse real estate, completed the sale of the Primium business center in St. Petersburg. The buyer of the asset with a total area of more than 18,000 sq.m became the closed mutual investment fund of real estate "RD2", which is managed by LLC "Sberezheniya Plus". NF Group acted as a consultant for the transaction.
Primium business center is a modern office building located in St. Petersburg at 54, Primorsky Prospekt. The project was acquired by Raven Russia in 2017 as part of a package deal for the purchase of three assets in the region. The total area of the building is 18,379 sq.m. High quality of the asset and professional management ensured the continued interest of tenants in the project and its full occupancy at the time of the sale.
"We are pleased to complete this deal and consider it beneficial for both parties,” says Raven Russia's General Director Igor Bogorodov. – Primium business center is a high-quality asset with a balanced set of tenants, which has proven itself well in the St. Petersburg market. The sale was carried out as part of Raven Russia’s strategy to reduce its presence in the office sector and concentrate the company’s resources on our key warehouse market.”
“The acquired asset will take an important place in our flagship fund RD2,” says Alexey Streletsky, head of real estate funds at Sberezheniya Plus LLC. “Each of the fund’s more than 4,800 shareholders, along with this high-quality asset, will receive inflation protection for their savings and stable income quarterly payments, supported by contracts with reliable tenants.”
According to NF Group, at the end of the first half of 2024, the St. Petersburg office real estate market recorded a minimum level of vacancy: the total share of vacant space in the segment is only 5.4%.
Stanislav Bibik, partner at NF Group, notes that the real estate investment market is showing significant growth. In particular, in St. Petersburg, in the current conditions, transactions for the acquisition of office properties look especially promising given record low vacancy rate and rising rental rates. Thus, since the beginning of the year, about 50 billion rubles have been invested in this segment in the Northern capital. Objects such as Primium business center can take a worthy place in portfolio of any investor.
© Raven Russia