AIM-listed, Guernsey-based property investor Raven Russia has announced the pre-leasing of 50% of the third phase of its 200,000 m[sup]2[/sup] warehouse development at Istra, Moscow. Preliminary agreements have been signed to let 25,658 m[sup]2[/sup] of the total 50,000 m[sup]2[/sup] to Seacon Logistics for a seven-year term at a higher-than-expected rent. The building is scheduled to be completed at the end of 2008.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
