«AVGUR ESTATE» builds Business Center Wall Street in Moscow center

24 September 2012

Moscow, 24 September, 2012 – The investment and construction company “AVGUR ESTATE” announces its new project in Moscow – Class A Business Center “Wall Street”. Co-exclusive consultants of the project are Knight Frank and Jones Lang LaSalle.

Innovative energy-saving and other ecological technologies to BREEAM standard were applied during the construction of the BC “Wall Street”.

The architecture concept of the project implies the construction of two 8-storey buildings with the total area of 31 100 sq. m. The tenants and guests of the BC “Wall Street” will be able

to use retail shops, café and canteen located on the ground floor. There is also a parking for 222 spaces.

The Business Center “Wall Street” is being constructed in the historic and well-developed center of Moscow on the first line of the Garden Ring in 37 Valovaya Str. The project is located in a several minutes’ walk from “Dobrininskaya”, “Serpukhovskaya”, and “Paveletskaya” metro stations, which allows the tenants to get to the Business Center easily. Also, Aeroexpress “Paveletskii vokzal” station is right there near the BC “Wall Street”, using which one can get to the international airport “Domodedovo” without traffic jams.

The construction works are already ahead of the schedule and going well. The works on placing inner and assembling outer engineering systems are now in progress, as well as the installation of high-speed elevators. The facade elements of the building can be now seen from Serpukhovskaya Street.

Putting in operation the Business Center is planned for Q1 2013.

Tonko Sankovich, CEO, “AVGUR ESTATE”, announced, “Internationally renowned projectors and consultants and one of the best general contractors in the commercial estate market were attracted to the realization of the BC “Wall Street” project. For “AVGUR ESTATE” it is the first large-scale Class A real estate project, and it is significant for us. This project is like our quality business card in general and for our future projects in “new” Moscow within our multi format mega-project construction of the “A101” project”.

Aleksey Kuchvalskiy, CEO in Russia and CIS, Head of Office premises owners relations department, Jones Lang LaSalle, Russia and CIS, mentioned, “In spite of the general decentralization trend on the office market, ready-made properties and properties under construction located in the Central Business District of Moscow keep being really popular among the tenants, whose business needs to be located in the city center. Great location, good visibility from the Garden Ring, metro in a walking distance, and high level of completion guarantee that the BC “Wall Street” will be filled with tenants in shortest terms”.

Tatiana Samchenko, Agency Services Director, Offices Department, Knight Frank, underlined, “Paveletskiy Business District, where the BC Wall Street” is located, was one of the first among business clusters of Moscow to start its formation. Namely, the first high quality business centers in modern understanding appeared here. As of today, its supply of quality office premises amounts to around 900 thousand sq. m, which accounts for nearly the fifth part of the total supply of Class A office premises in Moscow. However, the recent ban for new construction within the Third Transport Ring prevents us from counting on appearance of new projects within this business area, which means that the interest for now existing Class A business centers in this district will remain robust”.