EXPO 2013: Several investment deals are progressing in the Moscow property market.
London-listed Mirland Development is understood to be close to selling its 38,000 m2 Diamond Hall office scheme at Olympiysky av in the city, having shortlisted two unnamed buyers.
Local sources said the deal would reflect a yield below 10%.
And Goldman Sachs’ Whitehall Fund has decided to sell Pokrovsky Hills, the 207-unit town home development near the centre of Moscow.
The residential community is situated in a hilly, wooded area next to the Anglo-American School, which opened in 2000.
The US investment bank made the acquisition, its first in Russia, four years ago, paying $300m.
US developer Hines built the scheme originally.
