Raiffeisenbank and the GHP Group (formerly Fleming Family & Partners) have signed a long-term loan agreement to finance the construction of the Electro business centre in St. Petersburg. The loan amounts to USD 35 million.
The business centre project, designed by the renowned British architectural firm John McAslan and Partners, conforms to all the international requirements for class A office projects. The business centre will be the first building in St. Petersburg to conform to the BREEAM standards, one of the most common methods for assessing the environmental performance of buildings.
The building has a total area of 22,385.7 sq.m. and will be located at 156 Moskovsky Prospect.
«We see the enormous potential in this project, developed with the latest global trends and technologies in mind. Special attention should be given to the highly professional project team, with whom we have successfully cooperated for more than two years,» said Oxana Panchenko, member of the Board and head of the corporate banking and corporate finance directorate at Raiffeisenbank.
«Our partnership with Raiffeisenbank is critical to the success of the GHP Group. I would like to point out the high level of professionalism of the staff at the bank, which helped us attract funding for this landmark project. Due to the fact that the project financing requires a deep understanding of risk assessment and knowledge of the industry, a key criterion for selecting a financial partner was the opportunity to communicate in a professional language. We hope that our development project is the beginning of long-term fruitful cooperation,» said Oleg Myshkin, managing partner at GHP Group Real Estate.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on Q3 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. In total, around 61,000 employees service about 14.1 million customers through around 3,100 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.