Raven Russia is making a significant addition to its Moscow logistics portfolio with the acquisition of a recently completed 195,000 square metre grade A logistics park close to the new Moscow-St Petersburg toll road. Consideration comprises an initial RUB5.12bn ($86.6m) and between RUB1.51bn-RUB1.97bn ($25.5m-$33.3m) deferred for up to 18 months, depending on letting performance, all in cash. At the maximum level of consideration the yield is expected to be almost 11.4%, or 12.5% on reversion. ....
06 Nov 2017
N+1 Singer - Raven Russia Ltd - Adding to the logistics portfolio
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N+1 Singer - Raven Russia Ltd - Adding to the logistics portfolio
- Published:
06 Nov 2017 -
Author:
Trevor Griffiths -
Pages:
3
Raven Russia is making a significant addition to its Moscow logistics portfolio with the acquisition of a recently completed 195,000 square metre grade A logistics park close to the new Moscow-St Petersburg toll road. Consideration comprises an initial RUB5.12bn ($86.6m) and between RUB1.51bn-RUB1.97bn ($25.5m-$33.3m) deferred for up to 18 months, depending on letting performance, all in cash. At the maximum level of consideration the yield is expected to be almost 11.4%, or 12.5% on reversion. ....