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A1 To Be Engaged In Management And Disposal of RB Invest Development Assets

September 02, 2016. TAG: Investment

А1 Investment Company, a unit of Alfa Group, will be engaged in operation management and disposal of the development assets previously managed by RB Invest. The assets include "Metromarket" shopping center (5,7 thousand sq.m) located near  the “Sokol” metro station in Moscow, "Karnaval" shopping center  (32,8 thousand sq.m) and "PNK Chekhov" logistics center (50 thousand sq.m) in Chekhov, Moscow satellite town. Commercial properties have been placed under operational control of A1 in accordance with the Teaming Agreement between Alfa-Bank (Russia) and Alexey Kurochkin, managing RB Invest, on overdue loan debt settlement procedure. According to Alexey Kurochkin, after a ruble exchange rate collapse in 2015 properties under RB Invest control financed by Alfa-Bank (Russia) got into a very complicated financial environment. "We are grateful to Alfa-Bank (Russia) for professionalism and deliberate decisions concerning settlement of these problems. The bank virtually demonstrated its readiness to move towards if the borrower has an exposed position", - emphasized the RB Invest owner.

"Alfa-Bank is always open to meaningful negotiations to search decisions meeting the interests of all the parties.  Meanwhile assurance of operation consistency and safeguard of investor’s assets remain the priority of the bank. Negotiations with RB Invest have been complicated, but we shall pay tribute to the company’s owner, he personally made efforts to settle the situation", − noted Maxim Pershin, the board member of Alfa-Bank (Russia).

“As the part of acquired properties management А1 will conduct a set of actions to reduce costs and increase rent revenue to boost the investment attractiveness of the assets. The overriding priority of А1 is sale of the acquired assets at the market to settle arrears to “Alfa-Bank” – explained Andrey Von, the A1 Managing Director.


About A1

A1 is an investment company, a unit of Alfa Group, one of the nation's largest privately owned financial-industrial consortiums. The Company was founded in 1989 and has 27 years experience in successful management of investment projects in various industries in Russia and abroad, including Alfa-Bank, TNK-BP, VimpelCom, MegaFon, X5 Retail Group ("Perekrestok", Pyaterochka, Kopeika retail chains), the first national network of food supermarkets in the Republic of Belarus "BelMarket", "Formula Kino", "Nezavisimost", IBRC (The Irish Bank Resolution Corporation), Rosvodokanal, Smirnoff, Unitile , ABInBev (Sun InBev Russia), "DS Controls" and many others. The total value of assets in A1 portfolio in 1989 exceeded $ 50 billion.

A1 has a team of investment bankers, financiers, lawyers and managers with the best foreign and Russian education and proven experience of successful work at the world's largest investment funds and companies in various economy sectors. The total amount of investments in current portfolio exceeds $ 500 million.

A1

A1 is one of the leading players on the investment market in Russia and the CIS making equity investments in various industries, pursuing the interests of its shareholders, clients and partners. A1 focuses on investment projects of two types: special situations and growth strategies. Alfa-Bank (Russia), TNK, VimpelCom, Perekrestok and Rosvodokanal Group were originally A1 projects that later became strategic businesses for Alfa Group as well as core companies for the wider Russian economy. A1’s long-term interests are aimed at establishing strong and competitive businesses, producing modern and very high quality goods and services to satisfy Russia’s growing demand, and developing efficient organizational and management systems.

 
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