Corporate Communications

VTB Capital wins EMEA Finance Project Finance Awards 2018 with Yandex’s Moscow headquarters development

7 June 2019
Purchase of Korston Club Hotel for $145mn by Yandex was recognized as “Best property deal in CEE” at Project Finance Awards 2018, organized by EMEA Finance magazine.

VTB Capital acted as a financial advisor to Yandex in a real estate acquisition transaction to locate its new head office.

VTB Group provided a wide range of services for the organization, structuring and implementation of the transaction, which became one of the largest in the real estate market in 2018.
The role of VTB Group was also to analyze the market and provide financial advice on the acquisition of a complex of assets at 15 Kosygin Street.

Anna Osipycheva, Director, Global banking at VTB Capital, commented: «The award of the authoritative business publication EMEA Finance underscores the high level of competence and professionalism of VTB Capital’s team. This transaction is the largest in real estate in the past few years in terms of complexity and integrity of its execution. We stand ready to provide our clients with full range of financial solutions of different complexity levels which will allow to reach their goals in the most effective manner.”

The Project Finance Awards, organised by the EMEA Finance magazine, acknowledges the innovative and outstanding project finance achievements made across the EMEA region.

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