OREANDA-NEWS. Sberbank CIB and REGIONS Group have entered into a strategic partnership agreement. The agreement was signed by Amiran Mutsoev, Member of the Board of Directors of REGIONS Group and Alexander Bazarov, Member of the Board and Senior Vice-President of Sberbank of Russia, Acting Head of Sberbank CIB.

The agreement aims to develop strategic cooperation between the two companies using a wide range of financial products and services, including the financing of REGIONS Group's 2014-2017 investment programme. Investments in the Group's projects will amount to over RUB 61 bln. This programme combines such construction projects as the JUNE retail and entertainment centres, indoor theme parks in Moscow (total area: 240,000 sq. m), St. Petersburg (170,000 sq. m) and Yekaterinburg (270,000 sq. m), and the project to build a JUNE retail and entertainment centre in Moscow with a total area of 184,000 sq. m.

REGIONS Group is a vertically integrated holding that brings together more than twenty companies involved in constructing and managing shopping centres that meet global standards. According to INFOLine Information Agency, REGIONS Group is the fourth largest retail property owner in Russia. The Group manages thirty operational properties with a total area of over 800,000 sq. m. in twenty-two Russian cities. The Group's assets include seven JUNE RECs in the following cities: St. Petersburg (2006, GBA: 62,000 sq. m.), Krasnoyarsk (2008, GBA: 75,000 sq. m.), Cherepovets (2010, GBA: 46,000 sq. m), Ufa (2012, GBA: 42,000 sq. m), Krasnogorsk (2012, GBA: 25,000 sq. m), Mytishchi (2012, GBA: 178,000 sq. m), Syktyvkar (2013, GBA: 45,000 sq. m), and also twenty-three Sibirsky Gorodok shopping centres. REGIONS Group is currently preparing to construct three multi-functional retail and entertainment centres featuring indoor theme parks in St. Petersburg, Moscow and Yekaterinburg.