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JLL advised on the deal
Moscow, 11 January, 2017 – JSC “Servier”, has leased 6,600 sq m in the Class A White Gardens Office Centre in Moscow. The contract represents a long-term lease. JLL advised on the transaction. The office centre is owned by Millhouse.
Servier company leased space on three levels of Building A comprising their Moscow Head Office and Training Centre.
White Gardens Office Centre is a modern, Class A facility located in the thick of Moscow’s business life, in close vicinity to Belorusskaya metro station. Buildings A and B of the complex offer a total of 105,000 sq m GBA, 63,750 sq m GLA. White Gardens Office Centre fully meets the standards of a ‘green building’ and is BREEAM certified for their use of eco-friendly materials and energy-saving technologies. The five-level, 960-car underground parking lot provides the best parking space to rentable area ratio in central Moscow.
“Servier is one of the largest and fastest growing players on the Russian pharmaceutical market and so it is a great honor for us to see them among White Gardens tenants. We are glad to add Servier to our partner’s pool which already includes two pharma companies, and we hope our business center will meet company’s expectations on its future business development in Russia.” – Elena Malinovskaya, Leasing director, Millhouse Real Estate Department, commented.
“We congratulate Servier on their moving into the modern White Gardens office centre located in the Moscow’ Central Business District which is scheduled to take place in 2017.” – Kate McMurtrie, Regional Director, Head of Corporate Solutions, JLL, Russia & CIS, said.
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 70,000. 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 $59.7 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, 2016, St. Petersburg; Consultant of the Year at the RCSC Awards in 2015.
Servier is an international pharmaceutical company governed by a non-profit Foundation and headquartered in France. With a strong international presence in 148 countries, Servier employs over 21,200 people worldwide. Being completely independent, the Group reinvests 25% of Servier products turnover in Research and Development, and all its profits in its growth.
One of the leading pharmaceutical companies, Servier has been active in Russia for 25 years. In 2000, the company opened its Center for research and development in Moscow. In 2007, a high-tech integrated plant Serdix was put into operation in the territory of New Moscow. It operates in full compliance with the international standards and the requirements of good manufacturing practices (GMP) and produces a wide range of modern original medicinal products for Russian citizens. Since 2011, the plant began exporting its products to the CIS countries.
Millhouse LLC is a Moscow-based asset management company overseeing investments in a variety of industries including property development, mining and metallurgy, energy, telecommunications and technology. Millhouse's real estate division owns and operates a collection of Class A office complexes in Moscow, including Krylatskiye Hills, Four Winds, Balchug Plaza, and White Gardens. Tenants include such prominent firms as Google, Gazprombank, Microsoft, Sun InBev, Colgate, adidas Group, Morgan Stanley, 3M, Johnson & Johnson, Credit Suisse and many more. In St. Petersburg, Millhouse is developing a multifunctional commercial and cultural complex on the historic island of New Holland. The company completed its first residential complex, Skolkovo Park for Life, as part of its multifaceted Skolkovo Park development project in the Moscow suburbs.
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