Hogan Lovells in Summit

23 June 2011

Cushman & Wakefield is glad to announce the closure of office lease deal between law firm Hogan Lovells and Unicor Management Company – owner of multifunctional complex Summit. The lease agreement was signed in June 2011. Hogan Lovells office premise totaling 2656 sq.m will be located on 2 levels of Summit – occupying full 9th and part of 4th floor. Hogan Lovells intends to move into new office in autumn 2011. Cushman & Wakefield represented Hogan Lovells in this transaction. Unicor Management Company, owner of the Summit complex, is exclusively represented by Knight Frank.

Natalia Kouterigina, Associate, Occupiers Services Department at Cushman & Wakefield gives a brief outline of provided services: “When our client Hogan Lovells requested an assistance in new office search, we were to find a class A business center that would meet recent and future needs of the firm. Summit satisfied Hogan Lovells requirements on most of the criteria: central location, quality of construction, possibility to start fit-out works immediately and move-in in the short period of time. After Summit was chosen, our team concentrated on negotiations with landlord – Unicor Management Company – to achieve optimal commercial terms and agreement on the lease structure. I would like to highlight landlord’s professional approach to find best solutions in meeting tenant’s requests and wishes”.

Evgenia Luchitskaya, Associate Director, Offices Department Knight Frank Russia & CIS: “Our collaboration with Unicor on the Summit complex has enabled them to create a premium product which satisfies the most stringent requirements of Russian and international companies alike. It is the team’s focus on the client that helped realize the project successfully. As we are fully aware of the quality and potential of these premises as well as the professionalism of the Unicor’s staff we are confident that in this case it was the right decision made by the tenant. We would like to thank everyone who took part in the transaction and we hope to continue our work in future”. Angela Kuzmina, CCO, Unicor Management Company, comments: “The high level of interest that the tenants take in our business center is the proof of the existing demand for up-to-date and the very high-end office spaces in the center of Moscow, as well as for the features that the developer managed to provide at this specific property, which was also due to the synergy effect from the multi-feature concept. Thus, considering the latest closed deal at the MFK Summit business center, over 90% of the available office spaces have been already rented out.”

Occupier Services Department of Cushman & Wakefield creates comprehensive solutions for real estate portfolios, aligning real estate strategies to our clients’ overall business priorities. Its clients range from multinational corporations to owners/occupiers of single assets, in local markets and across the globe.

Office Department of Knight Frank represents the interests of tenants, buyers, developers/landlords of office premises

in leasehold and freehold acquisitions transactions.

Hogan Lovells – international law firm proving corporate, finance, government regulatory, intellectual property legal and pro bono advice.

Multifunctional complex Summit, situated at Tverskaya street, with the total area of 64 000 sq.m, consists of five-star InterContinental Moscow Tverskaya Hotel, operated by InterContinental Hotel Group, A-class offices, luxury retail galleries and underground parking. Offices, with total area of 18 500 sq.m overtake the space from the 3d up to the 10th floors. Spacious multilevel underground parking for 200 cars in ratio of 1 car space per 80 sqm. is at full tenant’s disposal.