Deutsche Buys Plots Outside Moscow

Deutsche Bank and two other companies bought a logistics park and other commercial real estate near Moscow to tap an increase in demand for warehouses in Russia, the companies said in a joint statement Tuesday. Deutsche Bank, AIG Global Real Estate and Redwood Group bought the land with space of more than 1 million square meters from Capital Partners, according to a statement last week. It comprises more than 200,000 square meters of existing space and 800,000 square meters in potential development, the statement said.