Immofinanz Generated New Funds in Russia

Lifestyle & TravelPersonal Real Estate ♦ Published: July 21, 2011; 13:58 ♦ (Vindobona)

The Austrian real estate company reached an agreement on the refinancing of its logistics center in St. Petersburg. The new funds will be invested in further projects in Russia.

Immofinanz Generated New Funds in Russia / Picture: ©

The Immofinanz Group is about to draw the funds under the Loan Agreement for the Shushary logistics facility in St. Petersburg with Rosbank. Only recently, in May, the company caught the attention of the international real estate market with the full takeover of GoodZone - a shopping centre project currently under realization in Moscow.

“The Russian market for real estate…