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UFG Real Estate sells EUR 38m office complex to Sponda

By A staff reporter 2012-06-26T00:00:00+01:00

UFG Real Estate has divested the Bakhrushina House office building in downtown Moscow to Finnish investment group Sponda for $47 mln (EUR 38 mln).

UFG Real Estate has divested the Bakhrushina House office building in downtown Moscow to Finnish investment group Sponda for $47 mln (EUR 38 mln).

Bakhrushina House was completed in 2002 and provides more than 5,000 m² of fully rented office and retail premises.

The transaction was brokered by law firm Salans on behalf of the vendor. In 2010 Salans advised UFG Real Estate on the acquisition of the scheme from Akron Group.