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Litera LLC won the case against AUIPIK



2013-02-28 20:34:23 -


Press Release
February 28, 2013



Litera LLC won the case against AUIPIK

On 28 February 2013 Litera LLC (Ruric 50% owned company) won the case against
AUIPIK, the Russian governmental agency in charge for historical buildings.
AUIPIK had tried to double the rental payments for Fontanka 57 since September
2012.




For additional information:

Vyacheslav Balabaev, CEO of Ruric Management LLC

Tel.: +7 (812) 309-78-95
E-mail: VBalabaev@ruric.com
Web: www.ruric.com




About company:

RURIC AB (Russian Real Estate Investment Company AB (publ) (reg. No.
556653-9705, Hovslagargatan 5 B, SE-111 48 Stockholm)) - company with Swedish
capital, operating in St. Petersburg commercial real estate market since 2004.

Besides its property management, RURIC AB establishes the realty agency, which
services are based on the cutting edge mobile application, and introduces the
system analyzing visitors traffic at business and trade centers prepared by the
partners. This method has no parallels and is suggested as a part of the
consulting offer for office and retail property owners.

Beyond that, the company is already dealing with the investment projects
coordination, local and national market approach consulting, valuation and
property trust services. Real estate portfolio construction and management
services are also included. These services apply to the property of different
return, from €100,000 to 6% per annum.

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

Litera LLC won the case against AUIPIK (.pdf file):
hugin.info/141656/R/1682226/550211.pdf



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Source: Russian Real Estate Investment Company via Thomson Reuters ONE
[HUG#1682226]


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