International law firm Gide Loyrette Nouel leased the office-boutique on Petrovka

15 December 2010
International law firm Gide Loyrette Nouel leased the office-boutique on Petrovka

Moscow – International law firm Gide Loyrette Nouel has taken a tenancy at Geneva House, a class A office building located at 7, Petrovka street.

Gide Loyrette Nouel chose Geneva House due to its rare combination of good location (Kremlin neighbourhood) and highly professional landlord services. Total rentable office space taken by the company is 1430 sq m. Knight Frank acted as consultant to the deal.

Nikola Obajdin, Senior Consultant in the Office Department of Knight Frank, said: “Geneva House was ideally suited to the requirements of Gide Loyrette Nouel as regards location, building prestige and quality of the space. It is one of the best boutique office buildings in Moscow, and a natural choice for tenants with particularly high standards. This deal shows that demand for high-quality space in the center of Moscow continues to grow, and that supply in this segment is diminishing.”

Advantages for tenants include high quality of the construction, modern architectural style, good planning, underground parking, and location adjacent to Red Square and arterial roads. Gide Loyrette Nouel is one of a number of western companies, which have leased space at Geneva House.

Geneva House is a modern class A retail and office center, commissioned in Q3 2009. Gross space is 16,455 sq m. Eastern Property Holdings (EPH), a Swiss-listed real estate investment company, is the building owner.

Founded in Paris in 1920, Gide Loyrette Nouel is a leading international law firm. It has 21 offices around the world and about 700 lawyers and legal consultants, including 104 partners, drawn from 50 different nationalities.

Eastern Property Holdings Limited (EPH) is a real estate investment and development company focusing on Russia and other countries of the Commonwealth of Independent States (the CIS). Founded in 2003, the Company has evolved from a pure investor and operator to a developer with a seasoned management team capable of initiating and executing its own projects. EPH has projects in the office, retail, residential, and parking sectors, and its long-term goal is to operate a large portfolio of income-producing properties. At present, nearly all of the Company’s holdings and operations are in Russia’s two capitals: Moscow and St. Petersburg.

For additional information do not hesitate to contact Natalia Shlyueva, Deputy Head of marketing & PR , Knight Frank mob. +7 (903) 130 21 09 or e-mail: natalie.shlueva@ru.knightfrank.com