AEROFLOT AND PSN GROUP HAVE CONCLUDED A MAJOR LEASING TRANSACTION ON THE MOSCOW OFFICE MARKET31/05/2018
Russia’s leading airline Aeroflot will set up its head office in one of PSN Group’s facilities. The international consulting company CBRE was the broker for the transaction.
Aeroflot has leased premises with an area of 18,447 sq. m in the Arbat, 1 Business Center for a 5-year period. Aeroflot will set up its head office on 4 office floors in the business center, which is located right at the edge of the Arbat. This will be the largest lease transaction on the Moscow office market in 2018.
Matjaz Cerjak, Vice President of Sales and Acquisitions, PSN Group:
"For PSN Group, the trust of the country’s largest airline is incredibly important. The Arbat, 1 Business Center is a special address on the map of Moscow, right in the heart of the city, and will be a great place for Aeroflot’s head office The center has always been in demand by the country’s landmark companies, and at present there are only 8,000 sq. m of vacant space left in it".
Elina Stepnaya, Associate Director, Offices Department, CBRE:
“This was the largest transaction on the Moscow office leasing market. in 2018. Aeroflot leased an amount of office space in the Prime segment rare for the market at just the right time. We were focused on results from the first day of cooperation and met the expectations of PSN Group for co-exclusive leasing of premises in the Arbat, 1 Business Center.”
Leading developer PSN Group is the owner of Arbat, 1. At the end of 2017, the company was recognized as developer of the year during the Urban Awards and was among the top three in comfort-class sales. Based on the first four months of 2018, PSN Group was in 2nd place in the rating of Moscow’s best-selling developers. The company builds luxury and comfort-class residential real estate, manages office, residential and warehouse properties, and is one the top 5 developers in terms of construction.
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