The deal on the sale of one of the most famous real estate objects in Moscow, the former Voentorg, is closed. The main owner of the building became the Chinese Fosun Group of businessman Guo Guangchan, his partner is the Russian Avica Management Company.

Chinese company Fosun Group businessman Guo Guangchan closed the deal to buy the office complex Vozdvizhenka Center, known as Voentorg, from Dmitry Rybolovlev's company Trading House Central Military Store, Vedomosti writes citing consultants working with the facility. Fosun Group became the main owner of the complex, its partner is Russian investment company Avica Management Company. The parties, as the newspaper notes, did not disclose the amount of the transaction.

As managing director of the JLL deal consultant Tom Devonshire-Griffin told the edition, the purchase of Vozdvizhenka Center was the largest investment transaction in 2017. According to Natalia Tischendorf, the Avica Management Company CEO, the co-investor of the Avica Management Company project will implement complex management of the business center, in particular, will reposition the facility.

Avica Property Investors manages the funds created by the structures of Ruben Vardanyan and RD Group Gagik Adibekyan. These funds own a business center Romanov Dvor located next to Voentorg, as well as shopping centers Vremena Goda on Kutuzovsky Prospekt and Dream House in Barvikha near Moscow.

The purchase of Voentorg became Fosun Group's first investment in the Russian real estate market. The group was established in 1992 by Guo Guangchan and is one of the largest investment companies in China: under its management as of 2016 there were assets worth about $71 billion. Among them there are the French resort network Club Med, shareholdings of Cirque du Soleil, tour operator Thomas Cook. The company is 71.37% owned by Fosun International Holdings, whose main owners as of December 31, 2016 were Guo Guangchan (64.45%), Lian Xin Jun (24.44%) and Wang Kunbin (11.11%). The main shareholder of Fosun is called Chinese Warren Buffett.

Partner of Colliers International Stanislav Bibik estimated the market value of Vozdvizhenka Center at about 10 billion rubles ($172m), while director of the Knight Frank department of financial markets and investments Alan Baloev called the sum of 10-11 billion rubles.

As RBC previously wrote, Voentorg, located 500 meters from the Kremlin, was one of the most famous Soviet shops. The Art Nouveau building was built in 1913. In 2002 it was bought by Telman Ismailov's AST group. A year later, Yuri Luzhkov, who then held the post of Mayor of Moscow, signed a resolution on the reconstruction of the building, which in fact meant its demolition. The area of ​​the new building was 70 thousand square meters - almost four times more than the old one. AST invested $140 million in the project. In 2009, Ismailov sold the building of Nafta Moskva to Suleiman Kerimov. The deal was valued at $300 million. A year later, the Voentorg went to Dmitry Rybolovlev as part of a deal to sell his stake in Uralkali.