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Immofinanz Strives for Presence in Russia
Published: May 3, 2011; 12:03 · (Vindobona)
The Austrian real estate group plans to expand its activities further through the purchase of shopping centers in Moscow.
Immofinanz Strives for Presence in Russia / Picture: © Vindobona.org
Immofinanz foresees Russia as a significant future market. Two shopping centers in the Russian capital are currently the focus of interest. In this sense, Immofinanz intends to increase its current 50% share of the “Solotoi Wawilon"(Golden Babylon) Center.
According to CEO Zehetner, an agreement has already been reached with the Russian partner. The investment so far amounts to…
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