Jul 23rd 2012 - Edison Investment Research today published a report on Raven Russia (RUS.L, LSE:RUS, LON:RUS) entitled "20% Boost To Portfolio". In summary, the report says:
Raven Russia has announced the acquisition of additional top-grade warehouse space for c US$50m and 38 hectares of development land for US$23m, both inside the key Moscow market. The deals could add 20% to the current portfolio of over 1.2m m2 of Russian warehouse space. Management believes the Sholokhovo warehouse deal will be earnings enhancing this year and we estimate that the total US$53m equity requirement for the deals can be covered by internal cash reserves.
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