Modern real estate funds (formerly Sberbank real estate funds)

LLC Modern Real Estate Funds (formerly Sberbank Real Estate Funds) is a company created to develop collective investments in commercial real estate. The company creates and manages closed unit investment funds investing in real estate: shopping and entertainment and office centers, warehouses and logistics complexes.

History

2023: Buying a speech laboratory in the north of Moscow for billions of rubles

Modern Real Estate Funds Company (SFN; earlier, Sber Real Estate Funds) agreed to purchase a warehouse complex with an area of ​ ​ about 70 thousand square meters. m in PNK Park Medvedkovo in the north of Moscow. This became known in mid-March 2023. Read more here.

2022: State Duma Deputy Yevgeny Nifantyev sold pharmacy assets of ZPIF under the management of Sber Real Estate Funds

State Duma Deputy Yevgeny Nifantyev transferred the rights to 99.99% of Neo-Pharm LLC, which manages the Neopharm and Stolichki pharmacy chains, to the Zdravinvest closed mutual investment fund (ZPIF) under the management of Modern Real Estate Funds (formerly Sberbank Real Estate Funds). The deal was closed on July 1, 2022, according to data from the SPARK-Interfax system. Read more here.

2020: Building a company

On July 13, 2020, Sberbank announced the creation of a specialized company to manage closed mutual investment funds (ZPIF). Previously, Sberbank Aktivs Management was engaged in this in the group.

The new company, called Sberbank Real Estate Funds, will be headed by Ekaterina Chernykh, who is responsible for the development of real estate funds at Sberbank Asset Management.

Sberbank created a company to manage closed unit investment funds

According to Chernykh, the separation of closed-end fund management activities into a separate legal entity will allow building a qualitatively new investment platform for all participants in business processes from tenants to unit owners. Real estate management and exploitation is a sphere with its own specifics and risks different from the securities market, she explained.

After the new company receives a license from the Bank of Russia, part of the existing Sberbank Asset Management real estate closed-end investment fund will be transferred to the management of Sberbank Real Estate Funds.

The Sberbank report also says that under the leadership of Ekaterina Chernykh, the value of net assets in closed real estate funds Sberbank Asset Management reached 31 billion rubles and increased by 70% in 2019. Investments in closed real estate funds almost tripled compared to 2018.

Rental real estate funds are one of the most actively growing segments of the collective investment business in the world, "says Natalya Alymova, senior vice president, head of the Wealth Management unit of Sberbank. - We see high interest in rental funds from our clients: over the past year, the value of net assets of ZPIFN under the management of Sberbank Asset Management increased by 70%. This tool provides an opportunity not only to invest in high-quality commercial real estate, but also is an effective mechanism for protecting and transferring capital to inheritance.[1]

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