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News Release

Moscow

Jones Lang LaSalle Appointed as Property & Facility Manager for the White Square Office Centre


Moscow, 29 November, 2013 – Jones Lang LaSalle has been appointed the property manager for the White Square Office Centre, one of the most prestigious buildings in Moscow’s Central Business District.

Owned by O1 Properties, the White Square consists of three buildings located next to Belorusskaya Square and rail terminal, and the Church of St. Nicolas. The property GBA is 110,000 sq m, and the GLA is 76,100 sq m.

The property has been fully leased by international tenants including PriceWaterhouseCoopers, Deloitte, McKinsey & Co, and Microsoft.

White Square is the biggest Russian office centre certified with the BREEAM international standard.

White Square is recognized as ‘the best in class’ by the community – in 2010 the project and its team won numerous nominations by the Commercial Real Estate Moscow Award: “Class A Office Centre”, “Developers of the Year” (given to the project developers - AIG/Lincoln and Coalco) and “Architects of the Year” (given to ABD Architects и APA Wojciechowski – the project architects). The White Square acquisition by O1 Properties was recognized as the “Investment Transaction of the Year” by the Commercial Real Estate Moscow Award 2013.

Alexander Ostrovsky, CEO at O1 Properties: “For many years, we have been successfully working with Jones Lang LaSalle as a leasing agent of our office centres. This is our first experience of cooperation with the company in property management, and we hope it will be as efficient and successful as in brokerage. We aim to provide very high level of service in our buildings to make it happen we develop unified standards for all our centres and conduct quality audits. White Square is one of our flagship assets, and it is important to us that the property manager ensures the same high quality of service to our tenants as we have in other our business centers.”

Natalia Yakimenko, National Director, Property & Facility Management, Jones Lang LaSalle: “We are happy that O1 Properties has committed their new property management to Jones Lang LaSalle. Our plan is to strengthen the White Square reputation as one of the best Russian office centres and introduce a fundamentally new format of property and facility management aimed at all user groups – the property owner, tenants and visitors.”

 

About O1 Properties Company
O1 Properties is one of the largest owners of office real estate of Class A and B+/B in Moscow. The company owns
and operates a portfolio of 11 completed office centers in the key business districts of the Russian capital city, with
the total net rentable area of 446,000 sq. m. The company also runs 3 development projects. By December 2013, the
company’s portfolio has estimated market value of $3.85 billon.
www.o1properties.com

 

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 242 million square meters and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg and Kiev. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011, 2012 and 2013 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