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A Russian Banker Has Bought a Rolex Store in London
22.08.2011 17:56
A Russian Banker Has Bought a Rolex Store in London
Rolex store in London

The co-owner of Vyatka bank and an ex-top manager of Binbank, Grigory Guselnikov has bought the Rolex flagship store underneath One Hyde Park. The property in Knightsbridge district cost him £12.5m, as Financial Times reports.

      The purchase was done for a new property fund called Williston Properties, the main investors of which are Russians. The investors may have a rental income. At the moment the property hosts Rolex store under the leasing agreement for fifteen years
at a rent of £400,000 per year. The profit is expected to be no more than 3%.  

Author: Irina Fomina

Tags: Russian businessmen     

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