Russian commercial property investor Region Group of Companies has snapped up carmaker Mercedes Benz's headquarters in Moscow in a deal brokered by Colliers International.
Russian commercial property investor Region Group of Companies has snapped up carmaker Mercedes Benz's headquarters in Moscow in a deal brokered by Colliers International.
Mercedes-Benz Plaza is located at Leningradskiy prospect 39A and also serves as Daimler’s car dealership for Russia.
The investment value remains confidential.
Mercedes-Benz Plaza offers a total of 16,480 m2 over nine storeys. Designed by ABD Architects, the complex was developed by Hochtief on the first line of Leningradskiy prospect – the main transport artery of Moscow.
'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,' said Stanislav Bibik, head of capital markets for Colliers International in Russia.
Anatoly Hodorovskiy, deputy CEO of Region Investment Company, said: '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 investment tool.'
