Property investment company Sponda Plc has sold the shopping centre known as Solnechniy II as well as the Bakhrushina House office building in Moscow for the price of $46.6 mln (approx. €41.9 mln) to Horizon Properties Ltd. Sponda will record a sales profit of approximately €1.2 mln from the transaction in comparison with the market value of the first quarter of 2015.
The Solnechniy II shopping centre was completed in 2005 and is located at 4B Vokzalnaya Street in the centre of Ramenskoe in Moscow region. The shopping centre has approximately 6,500 m² of leasable retail premises and a parking facility that can accommodate 110 cars.
The Bakhrushina House office building is located at 32 Bakhrushina Street in the centre of Moscow. The office building was completed in 2002, with nearly 4,000 m² of leasable area, and is fully rented.