Danilovsky Fort business centre comes to market

06 April 2011

Knight Frank and Cushman & Wakefield are pleased to announce that they have been appointed co-exclusive consultants in sale of the Danilovsky Fort business centre.

Danilovsky Fort is a modern class B+ business centre located on Novodanilovskaya embankment in Moscow. It is in the rapidly developing Tulsky business district, which has quick and convenient access to the city’s main road arteries: the Third Transport Ring, the Garden Ring, Varshavskoye highway and Sevastopolsky avenue. The building is ready for use, with a certificate of ownership. The building is owned by the company Sistema-Hals.

The first and second corpuses of the business centre with total area of 27,564 sq m are being offered for sale as a single lot. A special sale price of $3000 per sq m will be applicable for a number of months.

Tatyana Soppa, Deputy Director of the Investments and Sales Department at Knight Frank, said: “Danilovsky Fort is a new development with a unique architectural solution. We are currently seeing interest from buyers in properties with space in excess of 20,000 – 30,000 sq m, but the number of buildings offered for sale on the market is very limited. Attractive pricing and distinctive construction make Danilovsky Fort truly unique on the market.”

Anastasia Podakina, Head of Marketing at Sistema-Hals, said: “Danilovsky Fort is a landmark project for the city, and is greatly appreciated by both the cultural and business community. This office centre will be more than a profitable acquisition for its new company owner – Danilovsky Fort will be a part of the owner’s image, emphasizing its status and ability to value outstanding architecture.”

Mikhail Mindlin, Head of Office Sales and Acquisitions at Cushman & Wakefield, said: “Tulsky business district is a rapidly developing part of Moscow. It has about 20 class-B buildings with overall area of about 350.000 sq m. The average rental rate in the district is $400 (base rate per sq m per year). The vacancy rate is no higher than 20%. Strongest demand for office space in the district is from companies working in the electronics, consulting, insurance and advertising businesses. Danilovsky Fort is being offered for sale by its current owners at a price that fully matches the market and we are confident that it will prove of interest to many companies.”