BPT Arista acquires Country Park Business Centre in Moscow

Lagt online 19.06.08

The Baltic Property Trust Group (BPT) has secured its third real estate transaction in Russia with the acquisition of phase 1 of Country Park business centre in Moscow, Russia. The acquisition is part of the activities of the Russia-focused BPT real estate investment fund, BPT Arista S.A. SICAV-SIF.

Country Park is an 18 storey business centre with a gross area of 19,530 sq m. The current tenant list of the property includes strong names like SC Johnson, Yokohama, Nokian Tyres, Nutricia and others. Moreover, the property hosts the Russian headquarters of the BMW Group and Volvo.

In addition, the fund has an option to acquire a second phase of “Country Park” – a 7 storey offi ce and residential building, which would add another 11,400 sq. meters to the Fund’s portfolio. The developer is also planning the development of a third phase – a hotel. “Country Park” is situated in the district of Khimki, a rapidly developing business and residential area of the Moscow Region.

- It is widely considered one of the best office buildings outside Moscow’s city centre: strong international and well-known Russian tenants, professional property management, excellent location, ample parking capacity, a professionally developed concept and design, and institutional quality triple-net lease agreements, according to BPT.

Through its investment fund BPT Arista S.A. SICAV-SIF, BPT is one of the leading institutional real estate investors in Russia.

Further information: BPT Arista or other BPT real estate funds in general, please contact Ilya Kutnov Acquisition Manager Phone: +7 495 9564225 ext. 335, email: iku(at)balticpropertytrust.com

Picture: The business centre Country Park was built in 2004 and is managed by the developer and former owner.