Dentons advises Avielen on the sale of two office towers in St. Petersburg
Avielen, a joint venture between the Austrian real estate developer Warimpex, CA Immo Group, and UBM, has successfully completed the sale and lease of two office towers and associated land plots including those for parking at AIRPORTCITY St. Petersburg, a premium-class business center located close to Pulkovo 2 international airport.
The two buildings, Jupiter 1 and Jupiter 2, offer roughly 16,800 sqm of space and have been let out to the subsidiaries of a major Russian energy group. The purchaser is an affiliate of the Blagosostoyanie Russian non-state pension fund, managed by the Trinfico Investment Group. The transaction is valued at about €80 million.
The project company Avielen is the developer and operator of the four-star Crowne Plaza hotel with 294 rooms and spacious conference facilities, as well as three office buildings (31,000 sqm) in the “Pulkovo 2” business district at AIRPORTCITY St. Petersburg.