Mercedes-Benz Plaza sold in Moscow
Colliers International Russia has announced the completion of a landmark transaction: the investment sale of the prime office property Mercedes-Benz Plaza, located at Leningradskiy prospect 39A in Moscow. The property was successfully acquired by Region Group of Companies.
Mercedes-Benz Plaza serves as Mercedes-Benz Russian HQ and Daimler’s flagship car dealership for the sale of prime quality cars in Russia. Due to confidentiality terms, the parties cannot disclose the commercial terms of the transaction.
Mercedes-Benz Plaza, with a total area of 16,481 sqm, is a modern high quality building comprised of a 2-level stylobate and a 9-storey Grade A office tower. The complex is located in a prestigious business district, on the first line of Leningradskiy prospect – the main transport artery of Moscow.
The spectacular modern design of Mercedes-Benz Plaza was exclusively created by the leading architectural bureau ABD Architects and is emphasised by fully glazed facades and an atrium that extends to the full height of the building. The construction of the property was completed by the leading German construction company Hochtief, and the quality of the building fully meets the corporate standards of Daimler. Impressive architecture, high construction quality, long-term cash flow from a world-class tenant – all these features make Mercedes-Benz Plaza a landmark property of exceptional investment quality.
Mercedes-Benz Plaza is also home to the largest car dealership of the company in Central and Eastern Europe, generating record-breaking sales of Mercedes-Benz cars in Russia. This is the most successful Mercedes-Benz showroom in Russia and the CEE – which generates record annual sales volumes for Mercedes-Benz in the Russian market.
Stanislav Bibik, Executive Director, Head of Capital Markets department, Colliers International Russia, commented: “Mercedes-Benz Plaza represents a unique property and an exceptional quality investment product. Its great location in the centre of the Leningradskiy transport corridor, modern architecture and high construction quality, as well as a secured cash flow from a blue-chip tenant – all this proves that this deal will become an iconic transaction for the Russian market. This is also further confirmation of the growing activity among institutional investors and the substantial growth potential of the local real estate market.”
Anatoly Hodorovskiy, Deputy CEO of Region Investment Company, the group’s official representative, added: “We consider Mercedes-Benz Plaza to be a superb quality investment asset. Long-term relations with a prominent and reliable tenant such as Mercedes-Benz provide the property with the ability to generate a stable long-term cash flow for us and our clients. We will hold Mercedes-Benz Plaza through a mutual investment fund - our traditional and proven investment tool.”