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News Release

Moscow

​JLL secures office space for Avon in the LeFort business centre, Moscow


​Moscow, 23 June, 2016 – The investment company O1 Properties, one of the largest owners of A class office property in Moscow, has signed a long-term agreement with the international cosmetics company Avon in the LeFort business centre. The company JLL acted as a consultant for the lease transaction of more than 1,000 sq m.

The LeFort business centre, located at Elektrozavodskaya street 27, build. 8, will house the Avon back office. The finishing works are in progress in the tenant’s office space, moving is scheduled for autumn 2016.

The LeFort is a modern B+ Class business complex located on the premises of a former silk mill in the east of Moscow. The Preobrazhenskaya square and the Elektrozavodskaya  metro station are accessible from the business centre on foot. The LeFort has convenient access to Rusakovskaya street, the Preobrazhenskaya Embankment and the Third Transport Ring. The complex includes 11 buildings, some of which were built at the cusp of the 19th and 20th centuries. The complex was completely reconstructed in 2006, but the historic appearance of the buildings with their high arched windows and 4-meter-high ceilings was preserved.

Alexander Ostrovsky, Chief Executive Officer of O1 Properties: “We are pleased to welcome a new tenant of global renown to the LeFort business centre. This property represents a unique format in the Moscow office property market. It is a modern loft designed as a park with access to the embankment and provides an extended infrastructure to the tenants. Thanks to its characteristics it is in strong demand among leading Russian businesses as well as international companies that value the high-quality, convenient location. The fact that the Avon company has opted for the LeFort business centre reflects its high standards and the professionalism of the team.”

Ekaterina Chichek, Associate Director, Corporate Solutions, JLL, Russia & CIS: “The creation of a favourable working environment is one of the key factors for the successful development of a business. Therefore, Avon paid special attention to quality when exploring the location options for its back office. Other no-less important conditions were the willingness of the owner to maintain an open dialogue, to listen to the tenants and to improve the property, taking the tenants’ needs into account. The LeFort business centre completely fulfilled the goals of Avon in terms of the effective office solutions and the extended infrastructure offered by the property as well as of the appropriate commercial conditions and professionalism of the landlord. We are convinced that this transaction will be the beginning of a long-term cooperation between the companies Avon and O1 Properties.”


​About O1 Properties

O1 Properties is one of the largest owners of the A class office property in Moscow. The company owns and manages a portfolio of 13 completed business centres located in prime business areas of Moscow with a total net rented area of 501,000 square meters. The company's current projects portfolio is valued at USD 3.9 billion.


About Avon Сompany

Avon has proudly stood for beauty, innovation, optimism and, above all, for women for 130 years. Avon products include well-recognized and beloved brands, such as  Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques. Sold through 6 million Avon Sales Representatives, Avon products every day delight consumers in approximately 70 countries worldwide.


About JLL

JLL (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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 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, 2006-2016 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.