An Austrian joint venture has fully let a third office tower and continues to negotiate the sale of two others at its Airportcity St Petersburg mixed-use scheme.
An Austrian joint venture has fully let a third office tower and continues to negotiate the sale of two others at its Airportcity St Petersburg mixed-use scheme.
An unnamed international corporation signed a long-term least of the Zeppelin office building with the joint venture comprising developer Warimpex (55%), investor-developer CA Immo Group (35%) and developer UBM (10%).
Zeppelin comprises 16,000 m2 of lettable space on 13 floors. The shell of the building has been completed.
'Particularly in light of the current heightened political situation with the Ukraine conflict, we view the conclusion of this agreement as an important sign of confidence in our project. The sales negotiations for the two other office towers, which are now fully let, are also continuing to progress according to plan,' said Georg Folian, deputy chairman of the Warimpex.
A Russian pension fund is negotiating to acquire the first two office towers, Jupiter 1 and Jupiter 2, and the deal is expected to close before the end of H1 2014.
Airportcity St Petersburg is being developed in close proximity to Pulkovo 2 international airport St. Petersburg. It is the first premium-class business centre at this location and is a key infrastructure project in the area around the airport, one of the fastest-growing commercial zones in St Petersburg.
