April 07, 2015

OKO Business Centre in Moscow-City gets its first tenant

OKO Business Centre in Moscow-City gets its first tenant

CBRE has become the first tenant of OKO business centre in Moscow-City. CBRE Russia headquarters will occupy 1,250 sqm on the 14 floor of the office tower. According to the terms of the agreement, Capital Group will provide ready-to-move space. The fit-out cost will be rentalized over the lease term. The lease agreement is signed for 7 years.

Vladimir Pinaev, CEO of CBRE in Russia: “We are happy to become a Capital Group's tenant in OKO high-rise. This deal is a perfect solution to place our headquarters in a premium class A building in the business heart of Moscow as well as to get mutually beneficial commercial terms that will add on to a long-term competitive advantages for our business. Our positive record of cooperation with Capital Group gives us the confidence in reliability and professionalism of the landlord, as well as in the quality of services provided.”

Valentina Stanovova, first Vice President of Capital Group: “We have always been careful in choosing tenants, giving the preference to major Russian and Western corporations. We very much appreciate the fact that CBRE has become the first tenant of the OKO. It is obvious that before making the choice the company has made a thorough Moscow real estate market research using its best global expertise to find the best option. For us this agreement is the best proof that our new business centre meets the high standards imposed on class A+ office properties worldwide.”

OKO mixed-use complex is Capital Group's second high-rise development in Moscow-City business district. It has been created by an international team of leading design and construction firms. The design was developed by the US-based architect firm of SOM (Skidmore, Owings and Merrill). The general contractor is Turkey's company AntYapi. The office tower was put into operation in the end of 2014. The complex will be run by Capex Facility Management Company (owned by Capital Group).

OKO office tower offers its tenants state-of-the-art office spaces starting at 1,200 sqm. The total area of the floor is 2,500 sqm. Among the development's distinguishing characteristics and advantages is an effective floor layout in terms of space planning. This approach, implemented by the development's architects, SOM, enables tenants to save up to 25 percent of rentable area.

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