Raven Russia warehouses up for auction
The assets of developer Raven Russia, which were converted into public revenue, are up for sale, Kommersant reports, citing data from the Torgi (Auction) State Information System.
One hundred per cent of the shares in 17 companies originally controlled by Raven Russia entities are being auctioned off. These include Kulon SPB, Logopark Ob, Kstovo-Development, Feniks, Liga, Sever Estate, EG Logistics, Soyuz-Invest, and Gorigo, with warehouse properties in Moscow, the Moscow Region, St. Petersburg, Nizhny Novgorod, Novosibirsk, and Rostov-on-Don. In total, almost 2 million square metres of warehouse space is being sold, with a starting price of RUB 90.09 billion. According to Kommersant, the market value of the assets is RUB 120-160 billion. Applications to bid will be accepted until 21 November, with the auction itself scheduled for 3 December. The starting lot price is RUB 90.09 billion, the deposit is RUB 18.02 billion, and the auction increment is RUB 4.5 billion.
The newspaper comments that such investments are unlikely to be affordable for developers and are more likely to attract a consortium of investors with government support. Buying the assets will generate a lease income of RUB 16-20 billion per year.
Raven Russia was founded in 2005 by British businessmen Anton Bilton and Glyn Hirsch to invest in Russia and was one of the largest owners of warehouse real estate in the country. In 2022, its founders decided to leave the Russian market and transferred control of the business to local management — Igor Bogorodov and Yaroslav Shuvalov. The deal took the form of the purchase of Raven Russia (Holdings) Cyprus by the Cypriot company Prestino Investments, and in 2023, the latter moved to the jurisdiction of the UAE, changing its name to Phoenix Property Group.
In early 2025, Raven Russia's assets were converted into public revenue following a lawsuit filed by the Prosecutor General's Office after the deal to transfer the business to the Russian co-owners was deemed fictitious. The prosecutor's office pointed to the Raven Russia's strategic importance for national defence and security, claiming that its warehouse property was classified as a transport terminal (a strategic operation under Law 57-FZ), and that these assets were illegally controlled by foreign entities.
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05.12.25