OREANDA-NEWS. The Bank of Moscow provided financing for the deal of the Real estate fund managed by UFG Wealth Management to purchase Lincor business centre of class B+ located at: Moscow, Aviakonstruktora Mikoyana str., 12a. The loan in the amount of 1.75 bln rubles was utilized within the process of acquisition of ownership rights for office real estate. The deal has become the first one for UFG Wealth Management Fund in the field of commercial real estate in Russia.

UFG Wealth Management provides investment, legal and consulting services in the first place aimed at large private capital. Investments in real estate are one of the key activities of the company both in Russia and abroad. At the year end of 2013 UFG Wealth Management established UFG Russian Commercial Real Estate Fund I for realizing real estate projects in Russia.

"The first deal, opening the relationship between the Bank of Moscow and UFG Wealth Management was at the same time complicated and interesting in terms of its structure, speed and quality of implementation," stated Andrey Yumatov, the Bank of Moscow Member of the Board. "The final result, in our view, satisfied both parties and will serve as basis for fruitful cooperation in the future."

"Investing in commercial real estate in the capital city is a good investment solution for large capital1. We were happy to work at the project together with the Bank of Moscow team, and we hope that this deal will become a perfect start for a long-term cooperation," underlined Dmitry Klenov, managing partner, UFG Wealth Management.