Petrovsky Fort Office Centre -

During October 2014 ENR has acquired the Petrovsky Fort office centre in St Petersburg, Russia (“Petrovsky Fort”).

Petrovsky Fort is a high-quality office center with a total area of 47,600 s.qm, located in central St. Petersburg near the embankment of the Neva River. There are 9 office and 2 retail levels with a large central atrium. Of the total net rentable area, approximately 15’000 square meters are designated for office use and about 6’000 square meters as retail space. There is also an underground parking facility with 119 parking spaces and above-ground parking for 36 cars.

The business center was completed in 2003 and modernised in 2010 (air & ventilation systems, lobby reconstruction). As part of ongoing capex programs, offices and retail areas are renovated. Recently all windows were repaired or replaced and low energy lights were introduced.

There is a proven and relevant business concept where the business center offers smaller offices and flexible leasing alternatives to primarily small and medium size businesses. It also has office and retail space for larger tenants. On the 2 retail floors there are a number of businesses offering services and food and beverage offerings to tenants and visitors of the building.

There is good transport access from city centre and surrounding districts (bus; tram and metro) and it is situated close to the Finlyandsky railway station. It has convenient pedestrian access and the nearest metro 900 metres from the building.

The Saint-Petersburg based operational management team is experienced and the core team has been the same for past 14 years and has managed the business centre successfully through a few challenging economic cycles. The property manager,Valartis International in Russia, has more than 20 years of experience in managing Russian real estate investments & developments (> US$ 1 billion).

© ENR Russia Invest SA