B. Palashevsky Lane 11-13-15 - Office Project

GBA: (m2) 7000
NRA: (m2) 5200
Floors: 3
Net to Gross: 80%
IRR: Funded by tenant pre payment
Initial tenants: Monsanto, IR, ICiba-Geigy, DuPont

This project involved the construction of 5 separate buildings, in the centre of Moscow.

The project was begun in 2Q 1990 and completed over an 18 month period, The development consists of a complex of 5 self-contained office buildings in the vernacular style.

IRR over 200%

The project was undertaken by Perestroika JV, which was a joint partnership between a privately-owned developer from Atlanta, Georgia the Moscow City municipal civil engineering contractor Glavmosinzshtroi.

Each of the 3-story units was fully air-conditioned, with hydraulic lifts and Underground parking. The buildings have been occupied since they were completed and have aged well.