The Sberbank is planning to buy a BC Diamond Hall, the largest asset of the co-founder of Midland Development Eduard Shifrin. Against the background of low activity for investors to Finance the deal will offer individuals
Business centre “Diamond Hall”
(Photo: Free Wind / Photobank Lori)
Structure of Sberbank is negotiating the purchase of the business center Diamond Hall on Olympic Avenue, 14, Moscow, told RBC two sources in the commercial real estate market. A subsidiary of Sberbank, “Sberbank asset Management” confirmed RBC that it was “considering the purchase of business center Diamond Hall”. “Now comes the audit object, after it will be clear exactly the deal with Sberbank,” — says the interlocutor of RBC familiar with the negotiations.
Business center Diamond Hall with an area of 61.5 thousand sq m was built by Midland Development, founded by Alex Schneider and Eduard Shifrin. It is the largest project implemented in the company. After 2008, the partners divided the business, the Diamond Hall, along with other Russian assets went Shifrin. Schneider departed the canadian assets. In the Midland Development did not respond to a request RBC. In addition to office space in the building is the theatre “Russian song” of Nadezhda Babkina, he is 8,7 thousand sq. m. “If the transaction is approved, the theater will be located outside the boundary of a transaction because it belongs to the government of Moscow”, — explained in “Sberbank asset Management”.
According to the data of Rosreestr, cadastral value of the whole building Diamond Hall c area under it is 10 billion rubles. Partner of Colliers International Stanislav Bibik estimates the market value of the office complex to 7-8 billion rubles.