Goldman Sachs buy real estate in Moscow

August 1st, 2008 - 3:23 pm ICT by IANS  

RIA Novosti
Moscow, Aug 1 (RIA Novosti) Global investors Goldman Sachs, in their first realty acquisition in Russia, have bought a $300 million gated community in the capital, a Russian business daily said Friday. The deal, carried out through Whitehall Street Real Estate Funds, a Goldman Sachs Group affiliate, is the group’s first real estate acquisition in Russia, Kommersant reported.

The global financiers bought Pokrovsky Hills, a 260-unit townhouse community in the northwest part of the capital city, from another US firm, AIG Global Real Estate.

The community is situated in a hilly and wooded area adjacent to the Anglo-American School in the northwest outskirts of the Russian capital.

Major tenants include several embassies, as well as Nestle, Maersk Sealand, Shell, Conoco, and Procter & Gamble, among others.
RIA Novosti

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