Property developer S.Holding is seeking to buy a housing complex and an office building from Unikor Group, Vedomosti reported, citing a copy of a letter sent by S.Holding to Unikor Group.
In May, Unikor Group concluded a $282.50 million deal to sell the assets to Bin Group, which is owned by the family of tycoon Mikhail Gutseriyev and businessman Mikhail Shishkhanov.
Alexei Shepel, the owner of S.Holding, said the developer would buy the assets if the deal with Bin Group was canceled.
He added that Alfa Bank had agreed to finance S.Holding's purchase of the assets.
The assets put up for sale are the Sadovye Kvartaly housing complex with an area of 450,000 square meters in Moscow's Khamovniki district and the Summit office building with an area of 60,000 square meters on Tverskaya Ulitsa. The office building includes an intercontinental hotel and a lux hotel.
Unikor Group is owned by Bidzina Ivanishvili, a Georgian billionaire and opposition leader.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.