Russian property developer Sistema-Hals JSC said it has signed a strategic partnership agreement with Apsys, the European real estate developer, to co-develop and manage retail projects in Russia in a 50-50 joint venture.
Separately, Sistema-Hals announced a strategic partnership with Saraya, a real estate development and asset management company investing in travel and tourism, to invest in Kamelia Investment Co to develop a Saraya branded project at the Black Sea in Sochi.
