Finnish property company SRV is joining forces with Chinese property group Baltic Pearl CJSC to develop a $180 mln (EUR 125 mln) shopping centre in the Russian city of St Petersburg. The two companies have signed a letter of intent for the creation of a 50/50 joint venture which will develop the 8.1-hectare site in the southern part of the city.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
