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Russian Agricultural Bank negotiates purchase of skyscraper in Moscow City

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Russian Agricultural Bank negotiates purchase of skyscraper in Moscow City

Russian Agricultural Bank (Rosselkhozbank) is negotiating a purchase of one of the office buildings in “IQ-Quarter” complex located in Moscow City Business Center, for the purpose to headquarter its office, RBC newspaper reports, citing the representatives of consulting companies.

“The deal estimated at $12 billion might become one of the largest transactions in the office market this year,” newspaper notes.

“IQ-Quarter” belongs to Hals-Development company, which is controlled by VTB Bank. The object consists of three towers with a total area of 228,000 square meters.

According to the newspaper, Russian Agricultural Bank is carrying out negotiations on purchase of a 34-storey tower. The deal has not been closed yet.

However, the press offices of Russian Agricultural Bank and VTB Bank declined to comment.

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