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A1 to recoup assets in Russia accumulated by Quinn family

IBRC, the former Anglo Irish Bank, has set up a joint venture with Russian investment company A1 to recoup real estate assets in Russia and Ukraine accumulated by Quinn family. The assets include a skyscraper in Russia, a DIY chain and various logistics parks.

A1 will hold a public auction on December 5th on the sale of “Q-Park” in Kazan, called “b” in the investment company. The starting price for property, which exceeds 99.500 sq.m, is 2.575 billion rubles (€40 million). Tenants include Efes, Bosch and Schneider Electric.

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