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News Release

Moscow

AVGUR ESTATE Builds Wall Street Business Centre in Moscow


Moscow, 24 September 2012 – The investment and construction company AVGUR ESTATE announces its new project in Moscow – Wall Street Class A Business Centre. Co-exclusive consultants of the project are Jones Lang LaSalle and Knight Frank.

Innovative energy-saving and other ecological technologies to BREEAM standard were applied during the construction of the Wall Street BC.

The architecture concept of the project implies the construction of two 8-storey buildings with the total area of 31,100 sq. m. The tenants and guests of the Wall Street BC will be able to use retail shops, café and canteen located on the ground floor. There is also a parking for 222 spaces.

Wall Street Business Centre is being constructed in the historic and well-developed center of Moscow on the first line of the Garden Ring in 37 Valovaya Str. The project is located in a several minutes’ walk from “Dobrininskaya”, “Serpukhovskaya”, and “Paveletskaya” metro stations, which allows the tenants to get to the Business Center easily. Also, Aeroexpress “Paveletskii vokzal” station is right there near the BC “Wall Street”, using which one can get to the international airport “Domodedovo” without traffic jams.

The construction works are already ahead of the schedule and going well. The works on placing inner and assembling outer engineering systems are now in progress, as well as the installation of high-speed elevators. The facade elements of the building can be now seen from Serpukhovskaya Street.
Putting in operation the Business Centre is planned for Q1 2013.

Tonko Sankovich, CEO, AVGUR ESTATE, announced, “Internationally renowned projectors and consultants and one of the best general contractors in the commercial estate market were attracted to the realization of the Wall Street BC project. For AVGUR ESTATE it is the first large-scale Class A real estate project, and it is significant for us. This project is like our quality business card in general and for our future projects in “new” Moscow within our multi format mega-project construction of the “A101” project.”

Alexey Kuchvalsky, National Director, Head of Office Agency, Jones Lang LaSalle, Russia & CIS, mentioned, “In spite of the general decentralization trend on the office market, ready-made properties and properties under construction located in the Central Business District of Moscow keep being really popular among the tenants, whose business needs to be located in the city center. Great location, good visibility from the Garden Ring, metro in a walking distance, and high level of completion guarantee that the Wall Street BC will be filled with tenants in shortest terms”.

Tatiana Samchenko, Agency Services Director, Offices Department, Knight Frank, underlined, “Paveletskiy Business District, where the BC Wall Street” is located, was one of the first among business clusters of Moscow to start its formation. Namely, the first high quality business centers in modern understanding appeared here. As of today, its supply of quality office premises amounts to around 900 thousand sq. m, which accounts for nearly the fifth part of the total supply of Class A office premises in Moscow. However, the recent ban for new construction within the Third Transport Ring prevents us from counting on appearance of new projects within this business area, which means that the interest for now existing Class A business centers in this district will remain robust”.


About  Avgur Estate
Investment and construction company "Avgur Estate" was founded in 1992 in Moscow. Main areas of  activity - investment, construction, and implementation of residential and commercial real estate. Over the history of the company "Avgur Estate" has already been built and sold around 615,000 square meters of housing and office and retail space. The total development portfolio consists of 2, 5 million square meters of housing. Successful projects of: elite residential complex "Camelot", "Three Poplars" in Moscow, regional projects and other complex building.
"Avgur Estate" - a developer of integrated development and construction of the territory of the "new" of Moscow along the Kaluga highway (over 3,000 hectares), which implemented multi-format residential buildings in a single concept of mega-project development multiformat "A101".


About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert  teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 195 million square meters worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011 and 2012 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg. For further information, please visit www.joneslanglasalle.ru