Metrika Investments and Yandex have signed a long-term lease agreement for 20,833 square meters of office space in Neva Towers.
This transaction has become the largest in the business center's portfolio and increased occupancy rate of Neva Towers to 98,8%. The international consulting company Cushman & Wakefield acted as consultant for the transaction.
The company's new office in Neva Towers will accommodate 1,500 employees. Already a tenant of office premises in OKO and OKO II Towers, Yandex becomes one of the largest residents of Moscow-City.
Anton Melnikov, CEO and Metrika Investments board member:
"Neva Towers Business Centre is an ultra-modern premium office building, which will provide maximum comfort, quality and security, as well as allow companies to support sustainable development policy. For Metrika Investments, as the owner of a first-class asset, a quality tenant mix is strategically important. The successful transaction with Yandex is the result of intense competition, hard teamwork and a thorough approach to all details of the transaction. We are grateful to the management and employees of Yandex for their choice in favor of Neva Towers Business Centre. We believe that we look equally at organization of office space and green building. We hope that the company's employees will appreciate the atmosphere and infrastructure of the center, and we will help to make their stay there as comfortable as possible".
Natalia Nikitina, Partner, Head of Office Real Estate at Cushman & Wakefield:
"Today, Moscow City is an established premium business district, one of the most sought-after and prestigious locations on the market. We recorded a very low vacancy rate in Moscow City - 8.7%, while the average market vacancy rate is 10.1%. At the same time, there are practically no consolidated large blocks in the cluster. Neva Towers complex, on which Yandex has chosen, meets the highest standards of quality of construction and operation of office real estate".
Neva Towers Business Centre is a part of an ultramodern multifunctional complex with a total area of 357 000 sq.m.
Neva Towers Business Centre is located on floors 1-26 of Tower I of the complex, has a separate entrance group and direct access to a shopping gallery with haute cuisine restaurants, a food hall, a beauty salon, a fitness center, and other infrastructure facilities. Neva Towers is not only Russia's first multifunctional center built to LEED standards, but also a unique concept for the Moscow City business cluster with its own park-like recreation area. The fountain area in front of the towers with outdoor bakeries and coffee shops creates an amazing and desirable atmosphere in the heart of the metropolis.