Raven Russia Limitedwww.ravenrussia.com TICKER: RUS EXCHANGE: FTSE 250
Raven Russia Limited is a Guernsey registered property investment company specialising in commercial real estate in Russia; concentrated on the acquisition and development of high quality class A warehouse complexes in the country's major cities and their subsequent leasing to Russian and international tenants. Since its formation in 2005 the group has implemented a policy of massive and largely speculative development of warehouse facilities in Russia, principally in the Moscow region. It has emerged from this as the largest owner of Western standard Class A warehouses in Russia. Raven Russia's financial position is strong. At December 2010 the group had cash resources of $107.6m and borrowings of $432.1m, against shareholders' funds of $797.8m (including preference capital). This is a powerful platform on which to base a further substantial expansion of the property portfolio. Raven Russia is a substantial company with a market cap of approx. Â£350 m on its ordinary shares, with an additional Â£200 m of preference share capital.