By the end of February 2018, RWM Capital’s assets under management reached RUB 40bn. It was the result of the creation of new REITs. At present the Company has 13 REITs, with 10 of them those of real estate.
“It was our objective to increase the assets under management and reach RUB 40bn by the end of 2017,” said Feliks Blinov, Managing Director of RWM Capital Asset Management. “You see we have managed it one month later than expected, in January 2018. But still it is a great achievement. In quite hard economic times we move forward, raise assets, continue to follow the directions of development we are particularly interested in, real estate asset management among them. I am in doubt that in 2018 we will add to our portfolio some new projects, which will also be attractive to our investors.”
In 2018, the Company intends to invest in a range of commercial, industrial and residential properties. A new Class B+ multifunctional centre (total premises area of 39 000 km2, commercial property area of 4 000 km2) located in the south of Moscow has already came under RWM Capital’s management.
“This property is provided by a full pack of the Company’s property management services,” said Gavriil Korolev, Head of the Real Estate Department. “Nowadays this option appears to be of particular interest to commercial property owners. Working under the project in question, it is planned to stabilize the property first; do our utmost to make it work for us. It will include all the necessary restoration, repair, and refurbishment activities in full compliance with industry best practices and modern environmental standards. And after it is done, we will strike a contract with a facility management company which will be responsible for the maintenance of the property on a day-to-day basis. This way the property will become attractive to its would-be tenants. A fully-let property will become a source of steady rental income for the owner. In about 3 years we will be able to offer a piece of commercial property interesting for investors to deal with.”
The RWM Capital Investment Group is one of the leaders in the spheres of private equity, real estate investment and asset management. The Group has successfully completed more than 30 investment projects in 7 Federal districts in different economic spheres. The company manages mote than 240 000 m2 of spaces in 7 different market segments including office space in the best class A and A+ business centres of Moscow and St. Petersburg, warehouse space, residential property, social facilities and sports infrastructure, as well as more than 2 000 hectares of land in the Moscow region.
In 2017, Rating Agency RAEX (Expert RA) has confirmed the reliability and service quality rating A+ of the RWM Capital Management Company with stable outlook. The Company holds the 4rd place in the ranking of the largest asset management companies by the net asset value of REITs (National League of Management Companies).
