OREANDA-NEWS. October 18, 2012.  Capital Partners will receive a USD 750 mln loan with a term of ten years and secured against the Metropolis1 shopping center. The funds acquired through the loan will be used to refinance the Metropolis shopping center. The deal was arranged by the Sberbank CIB2 and Moskovsky Bank of Sberbank of Russia joint team with Sberbank CIB having structured the deal.

This was the first financing deal with a Russian bank for Capital Partners. Gareth Jones, Chief Investment Officer at Capital Partners commented on the deal, “We are happy to announce that this is a landmark deal for our company in Russia. We are pleased at having concluded the refinancing deal and are planning on broadening our collaboration with Sberbank in the area of financing in Russia. This deal was concluded in record time and we would like to thank the Sberbank team for their professionalism and client-centered approach. We are sure that Metropolis is a signification addition to Sberbank’s loan portfolio and we look forward to working with Sberbank on other projects in the future.”

Maxim Poletaev, Vice President of Sberbank of Russia – Chairman of Moskovsky Bank noted that the deal was the largest for the bank in the real estate sector this year, “The deal was complicated and featured a structure that was non-traditional for our bank insofar as our subsidiary Sberbank (Switzerland) AG was brought in for the realization of the deal. We would like to thank the Capital Partners team for an interesting joint project. We gained a positive experience from financing a real estate property in accordance with international standards. After this deal, the credit portfolio of Moskovsky Bank exceeds RUB 500 bln. Thanks to the experience we acquired in arranging this deal, we are sure that the Moscow real estate market awaits future high-quality, large-scale projects with Sberbank’s participation.