The U.S. investment bank Goldman Sachs will be investing $100m in Russian shopping centers. The financial conglomerate intends to carry out the plan through the company RosEuroDevelopment, a shareholder is Goldman Sachs. Funds for the purchase will be sent from the US bank. RosEuroDevelopment is interested in the Columbus shopping center in Moscow, Summer in St. Petersburg, and Murmansk Mall in Murmansk. The 277,000 sqm Columbus Square Shopping Center is located next to the Prague subway station in Moscow, and is valued at approximately RUB 25bn ($380m). The St. Petersburg shopping center Summer is valued at RUB 10bn and has an area of 116,000 sqm. Murmansk Mall, an 80,000 sqm center, is expected to fetch RUB 3.5bn.
