UFG Real Estate said it has sold two plots of land in its Fyodorovskoe Industrial Park project located south of St Petersburg, Russia, for an undisclosed amount. The company added that it is realising an aggregate net Internal Rate of Return of 67.75% from the disposal. The two sites were sold to a Russian manufacturer and a logistics provider.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
