News
AIRPORTCITY St. Petersburg
Vienna/St. Petersburg, 19 February 2014 – ZAO AVIELEN A.G. – a joint venture between the Austrian real estate developer Warimpex (55 per cent), CA Immo Group (35 per cent) and UBM (10 per cent) – has negotiated and concluded a term sheet with a Russian pension fund for the sale of two office towers at AIRPORTCITY St. Petersburg. The parties agreed that the details of the term sheet and the negotiated purchase price would not be disclosed. The two buildings – Jupiter 1 and Jupiter 2 – offer roughly 16,800 square metres of space in total and have been let out to subsidiaries of a major Russian energy group for about a year. The parties expect the transaction to close in mid-2014.
AIRPORTCITY St. Petersburg
AIRPORTCITY St. Petersburg is being developed by the project company ZAO AVIELEN A.G. and is located in close proximity to “Pulkovo 2” international airport. 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. In August 2013, the Austrian joint venture led by Warimpex concluded an agreement with a local bank for the refinancing of a EUR 60 million loan for AIRPORTCITY St. Petersburg.
In addition to a four-star Crowne Plaza hotel, the complex includes three modern office buildings with a total lettable space of roughly 31,000 square metres. The two towers from the first construction phase, Jupiter 1 and Jupiter 2, with approximately 16,800 square metres of space have already been opened and are fully let out. Shortly after the opening of the Crowne Plaza hotel and the Jupiter business centre, ZAO Avielen A.G. won two Commercial Real Estate Awards for the best multifunctional project and as the best developer in the region. The third tower, Zeppelin (roughly 14,800 square metres), from the second construction phase is in the process of being completed. A letter of intent has already been signed with a renowned company for rental. Additional office buildings are also being planned on this property.
ZAO AVIELEN A.G.
The project company ZAO AVIELEN A.G. is the developer and operator of a four-star Crowne Plaza hotel with 294 rooms and spacious conference facilities as well as three office buildings (31,000 square metres) in the “Pulkovo 2” business district at AIRPORTCITY St. Petersburg. www.avielen.net
Shareholder structure of ZAO AVIELEN A.G.:
55 per cent Warimpex Finanz- und Beteiligungs AG
35 per cent CA Immo Group
10 per cent UBM Realitätenentwicklung AG
