O1 Properties investment company has bought the Silver City Class-A multi-purpose business center in downtown Moscow from Evans Randall for $333 million, the firm said on Wednesday.
“The deal has been approved by the Federal Antimonopoly Service of the Russian Federation,” the company said in a statement.
Silver City on the Serebryanicheskaya Embankment in Moscow’s central administrative district was built by Delin Development and put into operation at the end of 2007. The business center has a total net rentable area of 41,661 sq. m, and is located 1.5 km (0.9 miles) from the Kremlin.
Silver City’s tenants comprise multinational corporations and leading Russian companies, such as SUEK, Marsh Insurance Brokers, FESCO, Toyota Bank, AECOM, Industrial and Commercial Bank of China, Lacoste, Qatar Airways, Etihad Airways, Canon and others.
“Silver City provides the best quality infrastructure and facilities to meet the requirements of the most demanding clients,” O1 Properties CEO Dmitry Mints said.
Established in 2010, O1 Properties is one of the largest owners and managers of a portfolio of high-quality office properties in Moscow.