CBR buys SLAVA business center from VEB; to transfer most buildings to federal management

MOSCOW. July 19 (Interfax) - The Bank of Russia has signed an agreement with the VEB.RF group (OKPO code: 00005061) to purchase the SLAVA business center under construction near the Belorusskaya metro station in Moscow, the Central Bank said on Friday.

The regulator will transfer most of the buildings it currently owns to Rosimushchestvo upon receiving ownership of the complex and completing the repair work.

"This would allow us to optimize the costs of owning real estate, to refuse to rent all premises and significantly reduce the total area of buildings used by the Bank of Russia, as well as effectively accommodate employees in accordance with the tasks facing the regulator," the Central Bank said in a press release.

The historical building on Neglinnaya Street will remain with the Bank of Russia.

The planned date for the transfer of the facility to the Bank of Russia is the first quarter of 2026.