RURIC: Ruric receives Moika-Glinki investment contract cancellation
PRESS RELEASE / November 23, 2012
Ruric receives Moika-Glinki investment contract cancellation
On November 20, 2012 Ruric Management received a notification from the Ministry of Defence cancelling the Moika-Glinki Investment contract. The cancellation is done without arbitration.
The document received does not mention compensation for investment expenses. Ruric Management has asked for arbitration at Arbitral Court of Moscow. First hearing will be December 10, 2012.
For additional information
Ingvar Ljungqvist, CEO
Phone +46 8 509 001 01
Ruric's business strategy is to manage real estate in the center of St Petersburg. In addition Ruric shall also acquire real estate and implement value creating additional investments at attractive conditions. Through professional management and good tenant relations spaces of high class are offered to tenants looking for possible spaces in central locations willing to pay for it. Ruric offers primarily office- and retail premises.
Ruric's Certified Advisor at First North is Erik Penser Bankaktiebolag
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Source: Russian Real Estate Investment Company via Thomson Reuters ONE