StockMarketWire.com - Raven Property Group said a subsidiary had agreed to acquire a completed warehouse in Russia for RUB 2.8 billion (£32.9m) from fund manager Amstar.

The warehouse complex was located in Nizhny Novgorod, a city 400 kilometres east of Moscow

It was fully let with a weighted average unexpired lease term of 8.4 years.

Expected annual income was RUB 347m, giving an initial yield of 13.7%.


At 9:59am: [LON:RAV] Raven Property Group Limited Ord 1p share price was -0.25p at 44.3p



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