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The retailer closes the biggest Class A office lease deal on the Moscow market since the beginning of 2014
Moscow, 01 October, 2015 – The adidas Group, the global leader in the sporting goods industry, has leased about 20,000 sq m of office space in the Krylatsky Hills business park in the western part of Moscow. JLL advised on the deal which represents the largest leasing transaction on the Moscow Class A office market since the beginning of 2014. Krylatsky Hills business park is owned by Millhouse.
The business park is located in the Western Administrative District of Moscow at the crossing of Krylatskaya Street and Marshala Zhukova Avenue, 300m away from Zhivopisny Bridge close to Krylatskoye subway station. Several large multinational corporations reside at the park: Microsoft, Intel, Colgate, Johnson&Johnson, British American Tobacco and many others. The business park consists of five units with a total area of 105,000 sq m on a landscaped 8.5 ha plot. The fifth 28,000 sq m unit was commissioned in Q2 2015, and the certificate of ownership received in Q3.
The adidas Group will become the largest tenant yet, bringing to the new building its headquarters for Russia and CIS. One of the floors will be given over to the adidas Academy, where company employee will be able to receive a full physical examination, attend workshops for various sports and healthy eating, develop personal training plans and carry them out in a state-of-the art sports center. The office’s design project is under development. The adidas Group is planning to move to Krylatsky Hills in Q2 2016.
“The adidas Group is very interested in the Russian market. Over the last decade we have improved the position of the adidas and Reebok brands in Russia, and we have serious expansion plans. Employees are the foundation of our future, and acquisition of this new office is an important step for us. A spacious, modern office in a lovely district of Moscow is a perfect match for our philosophy of changing everyone’s life through sport. Our employees will have everything needed for development and immersion in the world of sports.” said Martin Shankland, General Director of adidas Group CIS.
Elena Malinovskaya, Leasing director, Millhouse Real Estate Department, commented: “Krylatsky Hills is a rare case of a modern, European-level business park in Moscow. Its original concept and advantageous location in the west of Moscow have assured it constant popularity with tenants, including some of the largest and most demanding international companies. The best proof of quality is almost complete occupancy of the business park. We are happy to welcome the adidas Group aboard and we are certain that this tenant’s innovative concept of a sports office will become another mark of distinction for the park.”
Alexey Efimov, Executive Board Member, Regional Director, JLL, Russia & CIS, added: “Moscow’s office market today gives tenants a rare opportunity to move to a high-quality building, upgrade and enlarge their office and create an ideal working environment for employees. We expect adidas Group’s new headquarters in the Krylatsky Hills to be not only a beautiful new office for the company but a Russian-wide example of a sports hub. This is the largest A-Class rent deal for office space in Moscow in the last two years and an important statement for the market as a whole, given that it is a positive sign in this trying environment.”
About JLLJLL (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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316.0 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.In Russia and CIS JLL has offices in Moscow, St. Petersburg and Kiev. JLL, Russia & CIS was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014 and 2015 at the Commercial Real Estate Awards, Moscow; Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg; Consultant of the Year at the RCSC Awards in 2015, and The Best Real Estate Consultancy in Ukraine at the Ukrainian Property Awards in 2013.
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