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The Morgan Stanley fund refused to buy Nevsky Center shopping Mall belonging to the Finnish Stockmann in St. Petersburg. The decision from the transaction to leave made because of new American sanctions against Russia, Vedomosti with reference to own sources writes.

the Nevsky Center Mall is open for

after reconstruction in 2010, its total area - 103 thousand sq.m. Invested 170 million euros in reconstruction of Stockmann Group, Kommersant writes.

At the same time, according to a part of sources of Vedomosti, the decision on an exit from the transaction is made still a month ago, that is to the announcement of new sanctions, and he was influenced by the general deterioration in the relations between the countries.

About refusal of purchase the edition was reported by two partners of the company and two consultants working with an object. One more interlocutor of the edition claims that negotiations formally continue, but closing of the transaction "is extremely improbable".

Morgan Stanley in recent years invested in several large assets of the commercial real estate - so, in 2012 fund invested $1,1 billion in the St. Petersburg Shopping Center Gallery, and in 2013 redeemed a part of Metropolis shopping Center in the north of Moscow for $1,2 billion

Nevsky Center shopping Mall is the last object of the Finnish Stockmann in St. Petersburg. The company tries to sell it since 2016. In February, 2018 it became known that Morgan Stanley remained the last applicant for a complex, cost of purchase estimated at 180-200 million euros. Initially Malltech, PPF Real Estate, Avica, Fort Group, Imperiya holding and O1 Group applied for purchase besides Morgan Stanley.

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