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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. (rian.ru)