Liquidator intends to sell assets in both countries
The IBRC subsidiary, QIPG Refinance Ltd, also owns a 20-storey Moscow office block, known as Kutuzoff Tower, and a major logistics centre in Kazan, called Q Park, almost 800km east of the Russian capital.
The liquidators of IBRC, containing the remnants of Anglo Irish Bank and Irish Nationwide Building Society, were known to be planning before the war started on putting the Russian assets on the market last year. The remaining IBRC loan book had a par value of €3.6 billion at the end of last year and including facilities on assets in various jurisdictions that remain with the company due to ongoing litigation.
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