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News Release

Moscow

ALCON business complex received certificate of title


Moscow, 18 March 2013 – Ofis-Centr, LLC has received the certificate of title for its Class A ALCON business complex, which is situated in the north of Moscow. The building was delivered at the end of 2012. The co-exclusive leasing agents are Jones Lang LaSalle and Knight Frank.

ALCON business complex is situated on the first line of Leningradskiy prospect, in a 2-minute walk from the Sokol metro station and has an easy access to the Garden Ring and the TTR as well as to the international airport Sheremetyevo. ALCON is one of the several business complexes at the Moscow market that are able to offer office premises fitted with the landscaped terraces to their tenants. The total area of the complex is 102,177 sq m, while its gross leasing area is 66,776 sq m.

Alexey Kuchvalsky, National Director, Head of Office Agency Department, Jones Lang LaSalle, Russia & CIS, notes: ALCON business complex is one of the several Class A business complexes at the popular Leningradskiy corridor, which offers a significant number of leasing areas. Obtaining the certificate of title is an important stage of the Complex development. This document guarantees long-term and stable relationships between prospective tenants and the owner. Also, it gives the opportunity to draw long-term rental contracts and minimizes business and tax risks of the tenants.”

Tatyana Samchenko, Director of Agency Services Group, Knight Frank, says: “ALCON business complex is a high class office centre, which is situated in the fastest growing business cluster of Moscow. Obtaining the certificate of title facilitates the procedure of signing a rental contract for prospective and accomplished tenants. The fact that the project was implemented within the declared terms once more proves the good standing of the developer and his status of a real estate market professional.”

Alexander Sorokin, CEO LLC Alcon Development, says: “ALCON business complex is the first development project of such scale that has been implemented by our company and we can already say it is a success. The quality of the complex is highly appreciated not only by our tenants, but also by market experts who nominated ALCON for the “Business Centre Class A” of CRE Moscow Awards 2013. We are confident that obtaining the certificate of title will further enhance the attractiveness of ALCON business complex.”

The key advantages of ALCON business complex are the landscaped terraces situated on the three top floors in each of four buildings of the complex, and the atria filling the office space with natural light. The scheme is equipped with an underground parking for 1,016 car spaces (the parking ratio is 1/60). All the requirements there are for Class A schemes are implemented in this project.

 

About ALCON Development
ALCON Development is Asset Management Company in building and construction sector, which organize construction procedure key ready and acts as owner-developer, technical customer and turnkey contractor. Within those responsibilities the company performs building and re-building civil constructions various complexity, including administrative, office, shopping and multifunctional centers, sports structure, residential property. The most important delivered projects:
• Izolyator Plant – transfer industrial unit out of Moscow boarder and building the new industrial warehouse complex for the Plant at the area of 25,000 sq m in the Moscow Region.
• Re-building and capital repair of the office building Grade C at the Leningradskiy prospect nearby “Sokol” metro station and changing its status to the business center, responsive all requirements to Grade B office building with total area 17,500 sq m.
• Business complex grade A ALCON development.


About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management.
In Russia and CIS, Jones Lang LaSalle has offices in Moscow, St. Petersburg, Kiev and Aktau. 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.jll.ru