Renaissance Development had made the biggest deal within the whole history of the Russian commercial real estate market

Moscow, 4 February 2020. “Renaissance Development” and “Metrika Investments” companies have signed a sale and purchase agreement in relation to the office premises in the “Neva Towers” MFC located in the territory of Moscow-City. The total area under this deal makes 56 158 sq. m. As an exclusive consultant to this deal there’ve acted “Colliers International” company. Bank financing for acquisition of the “Neva Towers” MFC has been provided by the Moscow bank of "Sberbank" PJSC.

Ali Ihsan Mutlu, the Managing Director of “Renaissance Development”, has stated: “We are glad to have reached the agreement with “Metrika Investments” who is one of the leading players in the commercial real estate market. The visionary approach and business reputation of our partners are the best warrantors of the premium class property professional management and servicing, which are the priorities of our company. This deal has become a landmark completion point for 2019, which was a critical year for that project, and I wish it to turn out successful for all parties.”  

Alexander Ostrovsky, the General Director and Member of Board of “Metrika Investments” has stated: “We highly appreciate striking that forward transaction for acquisition of the office part of “Neva Towers” MFC by “Renaissance Development”, which shares our vision to that Complex as an ideal space for business and recreation. The architectural and process solutions applied in the Complex meet the highest requirements to the world-class offices and its unique location with the associated infrastructure reflect our vision of the future standards facilitating organization of efficient environment for doing business. Acquisition of “Neva Towers” MFC’s office spaces has become a successful terminal point of the year of 2019, which was crucial for our company with that transaction making a significant stage in development of “Metrika Investments”. This asset will surely become a worthy reference point in our portfolio.”

The “Neva Towers” Complex is a flagship project of “Renaissance” Holding, which, according to the opinion of multiple experts, is the most successful project in the Moscow’s real estate market in the premium class segment and the most successful one in the whole history of “Moscow-City”. “Neva Towers” MFC has been awarded with LEED Gold Certificate with it becoming the highest-scale multi-functional complex in Russia to be granted the golden status. The first-stage part of the “Neva Towers” Complex has been commissioned for operation on November 19, 2019.