AFI Development, a property developer focused on the Russian market, has taken a 51% stake in the Botanic Garden mixed use project in northern Moscow for about EUR 14 mln. The 187,000 m[sup]2[/sup] Botanic Garden development includes three residential towers with a total lettable space of 67,000 m2, 14,700 m[sup]2[/sup] of commercial space and 1,300 parking spaces.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
