Public joint-stock company "Sberbank Russia" and PUBLIC JOINT-STOCK COMPANY "ROSTELECOM" was created by the joint ventures on investment and management of real estate

Public joint-stock company "Sberbank Russia" through LLC "Sberbank Investitsii" brings 2 billion rubles in joint venture about PUBLIC JOINT-STOCK COMPANY "ROSTELECOM" and there are 50%-m the participant of the enterprise. Financing from other banks is not attracted.

Under management of joint venture 16 objects of commercial real estate in nine cities pass Russian Federation, including six objects – in Saint Petersburg and two – into Moscow region. Earlier all these objects with a total area over 100 thousand square meters were in property of PUBLIC JOINT-STOCK COMPANY "ROSTELECOM".

" Public joint-stock company "Sberbank Russia" acts as the long-term strategic partner of PUBLIC JOINT-STOCK COMPANY "ROSTELECOM". We as the investor are interested in development of developer and investment potential of the objects which are in property and under control of our joint venture" — James Korrigan, the managing director of department of investment activity "commented on JOINT-STOCK COMPANY "SBERBANK COMMERCIAL INVESTMENT BANK"".