Knight Frank to be appointed leasing consultant for CityPoint Business Centre at the Moscow-City International Business Centre

10 February 2012
Tashir Group have launched brokerage for its class A business centre, part of the CityPoint mixed use scheme within the Central Core of the Moscow International Business Centre (MIBC) on a site No 8а. Knight Frank Russia and CIS acts as the leasing consultant for the project.

CityPoint is a class A business centre located in the Central Core of the main business district of the capital – Moscow-City. While the total area of the business centre is 27 000 sq m, the potential tenants have a selection of the office blocks of a variable area - starting from as little as 200 - 500 sq m up to a few thousand sq m if required.

The CityPoint scheme’s total area is 75 000 sq m. The mixed use development also includes Novotel 4* hotel (25 000 sq m/362 rooms) and a conference centre for 1000 seats, lobby bar, restaurant with 400 seats, fitness centre, spa as well as an entertainment zone with an area of 23 000 sq m that features a spacious atrium with the conservatory, a cafe and, most importantly, the panoramic views of Moscow-City.

The tenants of the business center as well as its visitors will benefit from the parking facilities that can house 400 cars with the guest car park located in front of the building. Moreover, the business centre boasts not just the high quality infrastructure and a prestigious location, but also a direct covered walkway to the underground station and AFI Mall City shopping center.

The business centre will be put into operation in Q3 2012, whereas the total investment volume has reached $100m.

Andrey Ilyaev, Vice President at Tashir Group, Head of the project at Moscow-City (MIBC):
‘We have high expectations as to the future of this project. Following the limitations on the new construction (both office and shopping centers) in the city centre, the demand for the Moscow City space has been growing with the trend set to continue in the nearest future. As to the hotel part of the project, there’s clearly a lack of business class hotels in the city centre coupled with the great concentration of business activity in the Moscow-City area itself. Therefore, according to our estimates, such hotel is bound to be successful, especially amongst business clientele. Once the transport link to the airports will be put into operation this would serve as yet another additional boost to the project’.

Natalia Dementieva, Deputy Director, Offices at Knight Frank Russia and CIS:
‘We feel that the project will generate a high level of interest amongst the international brands as well as quite a number of Russian companies - those players that value the convenient location, a well-developed infrastructure and the high professional reputation of the owner company. Amongst the undisputed benefits of the project are the direct access to the underground station, AFI Mall City and one of the Novotel hotels - part of the international chain. CityPoint with its 10 floors is indeed a unique offer on the Moscow-City market where the most buildings are much taller than that’.