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PPF completes Nevsky Centre purchase

Eurobuild CEE 01 February 2019
PPF completes Nevsky Centre purchase

RUSSIA PPF Real Estate has completed the EUR 171 mln aquisition of the Nevsky Centre mall in St Petersburg from Stockmann.

The transaction follows the signing of the preliminary agreement which PPF Real Estate announced in October 2018. “The shopping centre is our first asset in St Petersburg. We have already started to fully integrate the asset and the company which manages it into our structures at PPF Real Estate Russia and we will do everything we can to make this asset even more convenient and attractive for the city’s residents and its visitors,” said Vitaly Krasnyuk, the PR director of PPF Real Estate Russia. Nevsky Centre has 46,000 sqm of leasable space.

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