Corporate Communications

VTBC-Ashmore Real Estate Partners I L.P. announces acquisition of office and logistics complex in Moscow

22 December 2011

VTBC-Ashmore Real Estate Partners I L.P. is pleased to announce the acquisition of an office and logistics complex at 14, 8 Marta Street, Moscow, Russia. There is the potential to develop a further office building on the site.

The property has a GBA of circa 21,000 sqm and is one of the very few logistics properties in close proximity to the third transport ring and Leningraskoye Highway, which allows direct access to the city center and all major arterial roads. The property is particularly well-appointed given the extreme shortage of available quality space in logistics complexes within the boundaries of the city. Anchor tenants include DHL International, Ozon, OSG Records Management and others.

There is a development option attached to the property’s site, which permits the development of a GBA 6323 sq m office extension to the existing complex. The new development will benefit from the limited future supply of new office premises in the city center as it will offer good quality accommodation at reasonable market rates.

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