RURIC: Ruric AB withdraws the claim regarding Grifon House

2012-11-15 12:24:53 -

PRESS RELEASE / November 15, 2012



Ruric AB withdraws the claim regarding Grifon House



Ruric AB withdraws its claim against CJSC Grifon, a subsidiary of Storm Real

Estate ASA, regarding Grifon House business centre. Today the case was stopped

at the Arbitration court of St. Peterburg and Lenigrad Oblast.



Grifon House is located at 19-21 Dostoevskogo St. and 19 Razyezzhaya St. in

Saint Petersburg with a total area of approximately 6,300 square meters. CJSC

Grifon was sold by Ruric AB in 2009 to a subsidiary of Storm Real Estate ASA, a

Norwegian real estate investment company.







For additional information



Ingvar Ljungqvist, CEO

Phone       +46 8 509 001 01

Email           iljungqvist@ruric.com





Web             www.ruric.com





ABOUT RURIC



Ruric's  business  strategy  is  to  manage  real  estate  in  the  center of St

Petersburg. In addition Ruric shall also acquire real estate and implement value

creating  additional investments at  attractive conditions. Through professional

management and good tenant relations spaces of high class are offered to tenants

looking  for possible spaces in  central locations willing to  pay for it. Ruric

offers primarily office- and retail premises.



Ruric's Certified Advisor at First North is Erik Penser Bankaktiebolag









Ruric AB withdraws the claim regarding Grifon House: 

 hugin.info/141656/R/1658356/536640.pdf







This announcement is distributed by Thomson Reuters on behalf of 

Thomson Reuters clients. The owner of this announcement warrants that: 

(i) the releases contained herein are protected by copyright and 

    other applicable laws; and 

(ii) they are solely responsible for the content, accuracy and 

     originality of the information contained therein. 

    

Source: Russian Real Estate Investment Company via Thomson Reuters ONE

[HUG#1658356]