PIK, the London-listed Russian residential property developer, has mandated Sberbank Capital, an investment arm of Russian bank Sberbank, to advise on restructuring the company's debt portfolio. Pik said its total debts come to RUB 44.8 bn (EUR 998 mln). The group's major credits include Sberbank, Vnesheconombank (VEB), Rosbank, VTB, Absolutbank and Promsvyzbank
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
