|On 13 August 2018, the Board announced that a subsidiary of the Company had entered into two conditional agreements ('the Agreements") for the acquisition of a logistics park in Moscow subject to the satisfaction of certain escrow arrangements. The Agreements provided for the subsidiary of the Company to acquire a completed warehouse complex from Industrialniy park ?Sever? Limited Liability Company and ?Astreya? Joint Stock Company for an initial cash consideration of RUR2.45billion (USD35.6million) with RUR160.0 million (USD2.3 million) deferred for between six to eight months following completion and payable on the fulfillment of the Sellers? obligations under the Agreements.|
The board announces that completion of the acquisition took place on Wednesday, 12 September 2018.
|Raven Property Group was founded in 2005 to build and acquire an investment portfolio of Class "A" warehouse complexes in Russia under the brand Raven Russia. Its ordinary shares, preference shares and warrants are listed on the Main Market of the London Stock Exchange and admitted to the Official List of The International Stock Exchange ("TISE"). Its convertible preference shares are admitted to the CISEA Official List and trading on the SETSqx market of the London Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.8 million square metres of Class "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49 000 square metres of commercial office space in St Petersburg.|