On our website there is an article about Real Estate Investment Trust (REIT), containing an overview of mostly American real estate funds. Let’s consider what real estate funds there are in Russia.
- Sberbank funds
- Management company LLC “Sovremennye fondy nedvizhimosti”
Commercial Real Estate Fund – specializes in the acquisition of objects and rights to real estate to generate income from rental payments and the sale of real estate at a profit. Invests in commercial and residential real estate.
Net asset value (NAV, capital) at 30.03.2022 — 1 008 222 435,76 rub . ($11 million).
| Name of the investment object | Share of assets, % | Market value |
| Non-residential building at 1/1 Dusi-Kovalchuk str., Novosibirsk, Russian Federation (cadastral number 54:35:0326006120) | 31,47% | 443 482 000 RUB |
| Land plot at 1/1 Dusi-Kovalchuk str., Novosibirsk, Russian Federation (cadastral number 54:35:0326006120) | 5,92% | |
| Non-residential premises at the address 11, Protochny lane, Moscow, Russian Federation (cadastral number 77:01:0005001:5951) | 40,68% | 433 000 000 RUB |
| Cash on deposit accounts in the Moscow Bank of Sberbank PJSC | 7,62% | |
| Property rights from contracts of participation in shared construction of real estate objects No. 5 MO 10/04/14 dd. 2014.04.10 (residential apartments) | 6,63% |
The property – shopping center in Novosibirsk:
The property – Protochny lane, Moscow, tenant Azbuka Vkusa:
Arendny biznes 1 Fund – invests in commercial warehouse real estate of Class A. The growing needs of large trading companies developing modern trade formats determine a stable demand for high-quality storage facilities, which makes such facilities liquid and investment attractive.
NAV on 31.03.2022 — 5 299 677 049,37 rub ($61.4 million).
| Name of the investment object | Share of assets, % | Market value |
| Non-residential building at the address Novosibirsk region, Novosibirsk district, Tolmachevsky Selsoviet, Tolmachevo village, halt platform 3307, house 16 (cadastral number 54:19:034102:307) | 25,8% | 1 722 525 000 RUB |
| Non-residential building at the address letter G, building 2, 96, Sofiyskaya street, Petrovo-Slavyanka village, St. Petersburg, settlement,, building 96,, (cadastral number 78:37:1781904:3358) | 14,36% | 1 039 721 000 RUB |
| Non-residential building at the address Novosibirsk region, Novosibirsk district, Tolmachevsky Selsoviet, Tolmachevo village, halt platform 3307, house 16 (cadastral number 54:19:034102:516) | 11,68% | 1 739 360 000 RUB |
| Non-residential building at the address Novosibirsk region, Novosibirsk district, Tolmachevsky Selsoviet, Tolmachevo village, halt platform 3307, house 16 (cadastral number 54:19:034102:515) | 13,34% | |
| Non-residential premises at the address Russian Federation, Moscow region, Podolsky district, village. Lagovskoye, near the village of Valishchevo (cadastral number 50:27:0020806:1159) | 11,25% | 1 520 893 000 RUB |
The property – warehouses Vadishchevo village:
The property – warehouses in St. Petersburg:
The property – warehouses of Tolmachevo village (cadastral number 54:19:034102:307):
Object – warehouses of Tolmachevo village (cadastral number 54:19:034102:515 — 516):
Arendny biznes 7 Fund – specializes in obtaining income from the acquisition, leasing and (or) alienation of real estate objects. Available only to civil servants.
The property — real estate located at the address: Rostov region, Aksaysky district, money on deposits
NAV on 22.04.2022 — 9 346 259 890,72 rub ($124.6 million)
| Name of the investment object | Share of assets, % |
| Cash on deposit accounts in PJSC ROSBANK | 14,69% |
| Cash on deposit accounts with PJSC “Credit Bank of Moscow” | 16,39% |
| Cash on deposit accounts in JSC “Rosselkhoznadzor” — “CRMB” | 16,39% |
| Cash on deposit accounts in the Moscow Bank of Sberbank PJSC | 13,79% |
| Cash on deposit accounts with GPB Bank (JSC) | 16,39% |
- Property management company — LLC “Pervaya upravlyayushchaya kompaniya”
Arendny biznes 2 Fund — investing in commercial real estate
NAV on 31.03.2022 — 2 704 633 974,90 rubles ($31 million).
| Name of the investment object | Share of assets, % | Market value |
| Non-residential building at the address of the Russian Federation, Moscow region, city of Chekhov, Moskovskaya street, possession 06 (cadastral number 50:31:0000000:18255) | 88,51% | 2 369 600 000 RUB |
| Land plot at the address of the Russian Federation, Moscow region, city of Chekhov, Moskovskaya street, building 96 (cadastral number 50:31:0040402:66) | 1,11% | |
| Non-residential building at the address of the Russian Federation, Moscow region, city of Chekhov, Moskovskaya street, possession 06 (cadastral number 50:31:0000000:14918) | 0,05% | |
| Cash to the Moscow Bank of Sberbank PJSC | 7,41% | |
| Cash to the Moscow Bank of Sberbank PJSC | 1,79% |
The property – Shopping center “Karnaval” in the city of Chekhov:
Arendny biznes 3 Fund – invests in high-end commercial real estate.
The key investment document is not disclosed on the website.
Rental Business Fund 6 – investments in commercial real estate.
NAV on 31.03.2022 — 2 252 897 925,43 rub ($26 million).
| Name of the investment object | Share of assets, % | Market value |
| Non-residential premises at 11 Novy Arbat str., building 1, Moscow, 119019, 77:01:0001046:2906 | 12,5% | 2 221 643 000 RUB |
| Non-residential premises at 119019, Moscow, Novy Arbat str., 11, building 1, room II 77:01:0001046:1528 | 27,15% | |
| Non-residential premises at 11 Novy Arbat str., building 1, Moscow, 119019, 77:01:0001046:2897 | 23,02% | |
| Non-residential premises at 11 Novy Arbat str., building 1, Moscow, 119019, 77:01:0001046:2551 | 26,92% | |
| 5,47% |
The property – Novoarbatsky shopping center:
Zarubezhny rentny biznes Fund is an investment in high-end commercial real estate in the UK.
The key investment document is not disclosed on the website.
2. Alfa-Capital Management Company
- Alfa-Capital Arendny potok CEIF.
Long-term profitability from investing in commercial real estate.
X5 Retail Group is one of the leading Russian multi-format grocery retail companies. Manages stores of several retail chains: stores “nextdoor” under the brand “Pyaterochka”, supermarkets “Perekrestok”.
NAV 1,220,909,900 .44 rubles.
- «Arendny potok-2» CEIF.
The Fund buys real estate objects leased by the Perekrestok and Pyaterochka networks. These are freestanding buildings or the first floors of buildings with an entrance from the street. All objects are located in Moscow, Moscow Region and St. Petersburg, have an area of 300 to 1500 sq. m. and cost from 70 to 450 million rubles. The retail facilities planned for purchase already have signed long-term lease agreements at 11-13% per annum.
NAV 836 824 709.55 rubles.
3. Management company — LLC “Dom RF Upravleniye aktivami”
CEIF of real estate “House.RF” — the goal is the development of a civilized rental housing market in Russia and the formation of a new financial product. The assets of the mutual investment fund are invested in 5,698 objects. The site has posted info until the end of 2018.
4. Management company — «A klass kapital» LLC
Investments in industrial real estate with income from rental payments. PNK group is a Russian developer of industrial facilities. Builds production and warehouse complexes for Russian and international companies from various fields of the economy.
PNK group has 33 industrial parks in its portfolio. Facilities with a total area of more than 5 million square meters have been put into operation and are at different stages of construction. In Russia, Europe and the USA. PNK group has four factories for the production of the main structural elements of the building.
5. Management company — JSC «Kommercheskaya nedvizhimost FPK «Garant-Invest»
Carries out direct investments in commercial real estate and the consumer sector of Moscow. Construction of commercial real estate, purchase and redevelopment of retail facilities, financing and development of retail projects are carried out according to international standards.
Nina Shibalkina
