Goldman Sachs buys $300 mln gated community in Moscow – paper


Goldman Sachs, leading global investment banking, securities and investment management firm, has bought a $300 million gated community in northwest Moscow, a Russian business daily said Friday.

The deal, carried out through Whitehall Street Real Estate Funds, a Goldman Sachs Group affiliate, is probably the group’s first real estate acquisition in Russia, Kommersant reported. Goldman Sachs bought Pokrovsky Hills, a 260-unit townhouse community, from another US firm, AIG Global Real Estate. The community is situated in a hilly and wooded area adjacent to the Anglo-AmericanSchool in the northwest outskirts of the Russian capital.

Major tenants include several embassies, as well as Nestle, Maersk Sealand, Shell, Conoco, Procter & Gamble, DHL, Caterpillar, Philips, Ernst & Young, PricewaterhouseCoopers, IKEA, Tetrapak, Novartis, British American Tobacco, Benckiser, and Samsung. (


Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.