Borenius advised real-estate investment company Russia Invest and its majority investors in a transaction where Russia Invest acquired 55 % ownership in the SRV-developed Okhta Mall shopping centre project in St. Petersburg

We advised real-estate investment company Russia Invest and its majority investors (Sponda Plc, Mutual Pension Insurance Company Ilmarinen, Mutual Insurance Company Etera and Onvest Oy) in a transaction where Russia Invest acquired 55 % ownership in the SRV-developed Okhta Mall shopping centre project in St. Petersburg. The total value of the Okhta Mall shopping centre investment is around EUR 250 million and Russia Invest’s investment in the project will be around EUR 50 million. In addition to the shareholders’ investments, the project will be financed through project loans. The assignment was handled in cooperation between Borenius offices in Helsinki and in St. Petersburg.