Support The Moscow Times!

Sberbank in Warehouse Partnership

The corporate and investment banking division of Sberbank signed a strategic partnership with MLP to finance the warehouse developer's debt by using three of the company's facilities as collateral.

The bank's merchant banking department has also acquired a convertible preferred stock amounting to a 33 percent stake in the group, which manages 1.33 million square meters of industrial space including four warehouse complexes in the Moscow region, St. Petersburg, Podolsk and Kiev.

A statement from the companies said that they would cooperate on "financing the developer's projects, hedging interest rate and foreign exchange risks and providing mezzanine financing."

MLP's properties also include Severnoye Domodedovo Industrial and Logistics Complex and Tomilino Logistics Complex.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more