Armenian Balchug Capital Foundation, founded by businessman David Amaryan, bought from the Finnish companies EKE and Vicus the Pulkovo Sky business center near Pulkovo Airport in St. Petersburg, writes RBC with reference to the data of the Unified State Register of Legal Entities (Unified State Examination) and the Unified State Register of Real Estate .
This is the first asset of Balchug Capital in real estate in Russia. “But, I hope, not the last,” the Amaryans told the publication, without revealing the amount of the transaction, but noting that the purchase price was attractive.
“This is a high -quality object, the largest in the northern capital. The demand for commercial real estate of this level will always be,” says the Armenian businessman.
Pulkovo Sky business center consists of three 14-story towers. Their total area is 76 thousand square meters, rental is 45 thousand square meters. The office complex belongs to class A, that is, the most expensive in terms of rental.
David Amaryan created Balchug Capital in 2010, holds the position of general director of the company, oversees all its investment activities, the newspaper writes. He began a financial career in the United States, then worked in Moscow. Now he lives and works in Armenia, the Balchug Capital press service notes. Until 2009, David Amaryan worked for five years in the company “Three Dialog”, which was founded by Ruben Vardanyan. Then, together with his brother Vardan Amaryan, he created an investment company Coppertone Capital. A few years later I changed the name of the company to Balchug Capital. Last year, he actively invested in the Russian stock market, which fell after Russia’s invasion of Ukraine. He bought Rosneft shares, Lukoil, Gazprom, Sberbank and other companies, wrote Wall Street Journal. The Fund acquired the cheaper Russian actions in 2014, when foreign investors left the market after the annexation of Crimea.