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Hines To Sell Moscow Office For $300M

Property investor and developer, Hines, is seeking to sell an office development project, BC Ducat Place III, in Moscow for $300 million.

    Property investor and developer,Hines, is seeking to sell an office development project,BC Ducat Place III, in Moscow for $300 million,PropertyEUreports.Sponda,Union Investment,Heitman European Property PartnersandBarva-Gazprombankhave placed bids for the business centre.

    The building is leased to firms, includingGoldmanSachs,Cushman & Wakefield,Clifford Chance,CitibankandEBRD. The proceeds from the sale will be used by Hines to finance the development of its ongoing projects, such as theOutlet Village Belaya Dacha.

    Click here for the story fromPropertyEU.

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