Immofinanz Closes Acquisition in Moscow

Lifestyle & TravelPersonal Real Estate ♦ Published: May 11, 2011; 14:01 ♦ (Vindobona)

The Austrian real estate group takes over 100% of the GoodZone.

Immofinanz Closes Acquisition in Moscow / Picture: ©

Immofinanz acquired the remaining 25% stake in GoodZone, a shopping centre project currently under construction in Moscow. The parties have agreed not to disclose the price of this transaction. GoodZone is one of the largest retail projects in this 11.5-million resident metropolis and the second-largest investment of the group in Moscow. The first phase of construction covers more than…