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Chinese Fosun International buys business center in Moscow historic building

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Chinese Fosun International buys business center in Moscow historic building

Fosun International, a Chinese company, is likely to acquire a business center “Vozdvizhenka Center” situated in a historic building of a military store department built in the year of 1913, Vedomosti newspaper reports citing its sources.

The structure was constructed in the style of modern with the art deco elements.

The purchase of “Vozdvizhenka Center” is estimated at 10 billion rubles. Avica, a company managing funds of commercial real estate, acts a partner of Fosun International.
On Wednesday, the Federal Anti-Monopoly Service announced that it approved a request submitted by FPH Europe Holding II Ltd, a Hong Kong company, for acquisition of right to determine conditions of operation of the Central Military Department Store Trade House JSC.

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