Raven Russia, the largest owner of warehouse real estate, has completed the sale of the Primium business center in St. Petersburg .
Source: NF Group
The buyer of an asset with a total area of more than 18,000 sq. m became the closed mutual investment fund of real estate "RD2", which is managed by LLC "Sberezheniya Plus". NF Group acted as a consultant for the transaction. The parties do not disclose the financial terms of the deal.
The Primemium Business Center is an office building located in St. Petersburg at 54 Primorsky Prospekt. The project was acquired by Raven Russia in 2017 as part of a package deal for the purchase of three assets in this region. The total area of the building is 18,379 square meters.
According to NF Group, at the end of the first half of 2024, the St. Petersburg office real estate market recorded a minimum level of vacancy: the total share of vacant space in the segment is only 5.4%. According to Stanislav Bibik, partner at NF Group , the real estate investment market is showing significant growth. In particular, in St. Petersburg, in the current conditions, transactions for the acquisition of office properties look especially promising with a record low vacancy rate and rising rental rates. Thus, since the beginning of the year, about 50 billion rubles have been invested in this segment in the Northern capital.
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