Russian Real Estate Investment Company : Ruric has finished developing a concept of an A-class business center based on Fontanka, 57

08/13/2012| 09:15am US/Eastern

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PRESS RELEASE / August 13, 2012

Ruric has finished developing a concept of an A-class business center based on Fontanka, 57

Ruric AB has finished a preliminary concept of an A-class business center based on Fontanka, 57. This classic building was originally built in 1830-1834 and designed by the famous Russian architect of the Italian origin Karl Ivanovich Rossi. It is 18,000 m˛ and has a perfect location on the sunny side of the Fontanka River in the historical center of Saint-Petersburg. Fontanka, 57 used to house the Ministry of Home Affairs in the Russian Empire. 

To see Ruric concept of developing Fontanka, 57, go to this link: http://ruric.org/en/fontanka_profile.php:
http://ruric.org/en/fontanka_profile.php  

Ruric is currently seeking a two months extension to exercise the first right-of-refusal on Fontanka, 57 from Scorpio.

For additional information

Ingvar Ljungqvist, CEO
Phone            +46 8 509 001 01
Email           iljungqvist@ruric.com:
mailto:iljungqvist@ruric.com

Denis Savinkin, CFO
Email           dsavinkin@ruric.com:
mailto:iljungqvist@ruric.com

Web             www.ruric.com:
http://www.ruric.com/

ABOUT RURIC

Ruric's business strategy is to manage real estate in the center of St Petersburg. In addition Ruric shall also acquire real estate and implement value creating additional investments at attractive conditions. Through professional management and good tenant relations spaces of high class are offered to tenants looking for possible spaces in central locations willing to pay for it. Ruric offers primarily office- and retail premises.

Ruric's Certified Advisor at First North is Erik Penser Bankaktiebolag.

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