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The volume of investment in Russian real estate surged 76% from January to May in annual terms to reach 274 billion rubles ($3.4 billion), an industry study has shown. Research conducted by IBC Real Estate evaluated investment transactions in residential, retail, hotel and industrial properties, excluding the purchase of plots without a project, joint ventures…

A local buyer is reportedly eyeing the US conglomerate’s share in a St. Petersburg shopping mall US investment bank Morgan Stanley is looking to sell its last asset in Russia, a 50% share in a shopping mall in St. Petersburg, business daily Vedomosti reported on Thursday.