| The first object of the Moscow City complex was commissioned The project for the construction of the Moscow-City business complex, which is estimated at $3 billion, has achieved the first clear results. Yesterday, one of the three buildings of the Embankment Tower office complex, which is being built by the Turkish development company Enka, officially opened. Cutting the ribbon at the ceremony, Mayor Yuri Luzhkov said that this was only the beginning of a series of buildings that would be built in the City by 2007. He promised that the capital’s real estate market will receive the long-awaited space on time: “The most difficult thing is over, we have come out of the underground space and formed the infrastructure of the complex.”
The second tower will be 27-storey, its total area will be 30 thousand square meters. meters. However, it will appear only in November 2005 (by this time a light metro line will be built in the City from the Kievsky Station). Construction of the third, 55-story building (243 m high) is planned to begin in September 2005 and be completed in 2007.
A 17-story tower with an area of 18 thousand square meters opened yesterday. m has already been fully completed. The tenants were the transnational pharmaceutical company Eli Lilly, General Electric, Oleina Bunge, Novartis, as well as IBM, which, according to unconfirmed information, rented 6,000 sq. m in the building. m. The lease agreement for space in the Embankment Tower, according to Enka's official agent for the sale of office space in the new building, Jones Lang LaSalle, was concluded for five years. Basic rental rates correspond to the general level of rates for class “A” premises in the city center - $550 per sq. m. m per year, on the 14th-17th floors - 600 dollars.
Enka has been present on the Russian market for 15 years. During this time, it built complexes with a total area of about 2.5 million square meters. m and concluded 195 construction contracts totaling $2 billion. Its first project in Moscow was the reconstruction of Petrovsky Passage. According to the company, the Embankment Tower was built to standards that are significantly higher than European standards. As Enka President Sharyk Tara told reporters, all investments in the project are private capital. It is this fact, in his opinion, that indicates the amount of Western investment in Russian projects. In addition, Mr. Tara wished the Moscow mayor to raise the level of economic development of the city by fighting “bureaucratic elements.”
In general, the Moscow City complex provides for the creation of 2.5 million sq. m. m of office, hotel, retail and recreational space. The project is being implemented in accordance with the government program and with the active personal participation of the mayor. Work has been underway since last summer on Krasnopresnenskaya embankment on a territory with a total area of about 100 hectares, of which 60 hectares are subject to new development, including the tallest tower in Europe, “Russia”. Olga PRYANIKOVA |
|
