IMG plans to attract about 450 million euros in Russian real estate
About 450 million euros for investment in the Russian real estate market plans to attract the Russia Development Fund under the management of the Investment Management Group (IMG). About this in an interview with the newspaper B & FM said the head of the IMG Maxim Kunin.
He clarified that investments in the fund will be attracted in several stages, the first of which has already been completed. According to its results, about 180 million euros were received in the fund's capital.
“At the second stage, which should be completed in March, we plan to attract about 100 million euros to the fund. Then there will be the third stage, ”added the head of IMG.
According to Maxim Kanin, the fund’s investors are large international companies engaged in real estate investments in Europe, Asian sovereign funds, as well as American institutional investors.
Investments received by the fund, according to the head of IMG, will be divided into two areas: partly they will go for the purchase of shares in development companies, and the other part will be invested directly in projects.
According to Kunin, the fund’s strategy will be investments in the construction of residential commercial real estate in the regions.
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“We are carefully studying the possibilities of investing in housing. We are also considering projects related to the construction of shopping centers and offices, ”said the head of the management company.