Goldman Sachs buy real estate in MoscowAugust 1st, 2008 - 3:23 pm ICT by IANS
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.
Tags: aig, conoco, first realty, global financiers, global investors, global real estate, goldman sachs, goldman sachs group, group affiliate, kommersant, maersk sealand, northwest outskirts, procter amp gamble, ria novosti, russian business, russian capital, townhouse community, unit townhouse, whitehall street, wooded area