7 B.Gnezdnikovsky Lane - Office Building

GBA: (m2) 3300
NRA: (m2) 2700
Floors: 6
Net to Gross: 82%
IRR: Funded by tenant pre payment
Initial tenants: BASF, Baker & Mackenzie, Mitsubishi Heavy Industries

This project was a total reconstruction of an existing building carried out over a 21 month period from April 1989 to December 1990. The building is located some 1km from the Kremlin and just inside the Boulevard Ring road. It is one of the best locations in Central Moscow.

IRR over 200%.

The project was undertaken by Perestroika JV, which was a joint partnership between a privately-owned developer from Atlanta, Georgia and the Moscow City municipal civil engineering contractor Glavmosinzshtroi. The building has been occupied since it was completed and has aged well.