The new Grade A ALCON business complex was delivered in the North administrative district in Moscow in December 2012. This is the only business centre in its class in the Moscow office real estate market completed in Q4 2012. The co-exclusive leasing agents are Knight Frank and Jones Lang LaSalle.
ALCON business complex is situated on the first line of Leningradskiy prospect, in 2 minutes’ walk distance from the Sokol metro station. The scheme has a good access to the Garden Ring and the TTR as well as to the international airport Sheremetyevo. The total area is 102,177 sq m, gross leasing area is 66,776 sq m.
The key advantage of ALCON business complex are the landscaped terraces situated on the three high floors in each of four buildings of the complex, and atria filling the office space with natural light. The scheme is equipped with an underground parking for 1,016 car spaces (the parking ration is 1/60). All the requirements made for Grade A schemes are implemented in this project.
Alexey Kuchvalsky, National Director, Head of Office Agency Department, Jones Lang LaSalle, Russia & CIS, notes: “Only five Grade A office schemes were delivered in Moscow in 2012, and ALCON is the major by area. There is an obvious trend of the previous year showing that developers of the high-end office real estate go outside the city center – more than 50% of schemes delivered in Moscow in 2012 occupy the area between the TTR and MKAD. At the same time, the most actively developed district of this business area – Leningradskiy corridor – still has lack of class A office properties. At the moment the district has only 234,000 sq m that is 9% of the total volume of high-quality office fund in Moscow. Given this fact ALCON is the unique offer both in terms of quality and location and vacant area supply.”
Tatyana Samchenko, Director of Agency Services Group, Knight Frank, says: “Northern-West direction along with the Garden Ring has leading position by the number of transactions in the office segment, it’s about 30% of the total quantity. Due to the renovation, the direct road from the Kremlin to the Sheremetyevo airport is the one of the most high-end and comfortable in Moscow, and the fact that such a large-scale and modern project emerged there, just approved this sentence. There is no doubt that Leningradskoe direction will become the vector of business Moscow development in the next 3-5 years.”
Alexander Sorokin, CEO LLC Alcon Development, says: “ALCON business complex is a main project of our company. The most serious standards applicable to the administrative and office schemes of such class were realized within its implementation. It is also quite important that the project was finished to the due date. While planning ALCON development we wanted to create a particular business atmosphere for tenants and their partners, making their presence in the office as much as comfortable and efficient. At the moment we can declare that we succeeded in this project.”