O1 Properties and BMW Group Russia have signed a long-term lease agreement for office space.

O1 Properties has signed a long-term leasing agreement for office space in its business complex Olympia Park with BMW Group Russia.

The adviser of the deal was Jones Lang LaSalle. According to the agreement BMW Group Russia will rent 4 700 sq.m of Olympia Park for ten years.

The territory of A class business park is large enough to hold three five—storeyed office buildings, wide underground parking, an Olympic-standard sports center and picturesque park near the Khimkinskoe Reservoir. The buildings meet all the environmental requirements and are now undergoing BREEAM certification. Total area of the complex is 5.8 ha.

Commented on the deal, Chairman of the Management Board of O1 Properties Dmitry Mints said: "We are pleased to close the deal with BMW Group - a leading global brand, which will place its main office in Russia in Olympia Park. This partnership undoubtedly hands it to the business center and emphasizes its exclusive status. We hope that BMW Group team will see the true value of Olympia Park quality, conveniences and comfort”.

Kate McMurtrie, National Director, Head of International Client Services Corporate Solutions Group Jones Lang LaSalle, Russia & CIS noted: "BMW has selected one of the best quality office buildings in Moscow and has achieved very positive conditions in consideration of the important position they will hold in the complex as a major international corporation. Olympia Park represents a new generation of efficient, well-designed office complexes and this provides a very good match for the high standards of our corporate clients."

BMW Group Concern Profile:

BMW Group - one of the most successful world manufacturers of premium class automobiles and motorcycles. Concern owns such brands as BMW, MINI and Rolls-Royce. As an international company BMW Group produces cars at 25 factories in 14 countries worldwide and supporting a network of sales representatives in more than 140 countries.

In FY 2010, the BMW Group has sold about 1.46 million cars and over 110,000 motorcycles on the world market. Before-tax profit in 2010 amounted to EUR 4.8 billion, while total revenue - 60.5 billion euros. As of 31 December 2010, the number of employees in all corporate divisions amounted to about 95.5 thousand people.

Pledge the success of BMW Group is forward planning and responsible attitude to the company"s business. Increasing environmental and social responsibility at all stages of production is a foundations of BMW Group corporate strategy. These values ​​allow the concern holds a leadership position in its sector according to the Dow Jones  ratings of sustainable development for last five years

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  2. O1 Properties and BMW Group Russia have signed a long-term lease agreement for office space. 21 September 2011 Download PDF