Warehouse specialist Raven Russia has signed contracts to sell its subsidiary, RR Baltiam, to Cypriot-registered company Casebre Holdings for $42 mln (EUR 32 mln). RR Baltia is the owner of a 28,000 m[sup]2[/sup] warehouse property at Baltia, Moscow. Raven Russia said that the purchase price represents a 48% premium to the property's valuation carried out at year-end 2009.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
