Warsaw-listed Globe Trade Centre (GTC) has purchased Russian property developers OOO Okkerville and ZAO Krasny Mayak for a total of EUR 43mln. In April, the company signed a preliminary agreement for a 50% stake in a commercial investment project to build a 110,000 m[sup]2[/sup] office building in the Vyborgsky neighbourhood of St Petersburg. The project is a joint venture with Israeli insurance company Menora Mivtachim Insurance.
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