O1 Properties and Roche Diagnostics RUS LLC sign long-term tenancy agreement for office space in new Vivaldi Plaza business complex

Investment company O1 Properties (“O1 Properties” or the “Company”), one of the largest owners and managers of a portfolio of high quality office properties in Moscow, today announced the signing of a seven year tenancy agreement with Roche Diagnostics RUS LLC for office space at the Vivaldi Plaza premium class A business complex.

Jones Lang La Salle acted as consultants for the deal. 

The head office of Roche Diagnostics RUS LLC will occupy three floors of general office space in building B, covering 3,450 sq. m. In addition, a service centre for the company will open on the first floor of building C, covering 403 sq. m.

The architects of Vivaldi Plaza have catered for the needs of business by providing high ceilings and wide spaces with columns 8.4 m apart. A panoramic glass façade lets in natural light which any floor plan design can take advantage of.

Alexander Ostrovsky, CEO of O1 Properties, commented: “The amount of vacant office space at Vivaldi Plaza has fallen by 30% in less than six months. In light of the current activity of potential tenants, we expect to fully meet our capacity targets for the business complex in the second half of 2012. We are pleased to have a new partner, and I am certain that the quality of Vivaldi Plaza will justify the decision by Roche Diagnostics RUS LLC to select the site for their headquarters.”

Alexander Shalupin, Head of Legal at Roche Diagnostics RUS LLC, added: “Roche’s corporate standards demand high quality buildings and space for its offices. The decision to choose a business centre was guided by considerations of safety, technical facilities, location and accessibility. In addition, it is important for us to have a site which can host our head office, as well as a service centre in one location. Our search for a class A business complex in the city centre included Vivaldi Plaza because it meets our requirements in every respect.”

Vivaldi Plaza is a premium building complex, located in one of the main business areas of the capital, at the intersection of the city’s major highways, the Garden Ring and the Moscow River embankment on Letnikovskaya Street.

The technical characteristics of the complex are fully consistent with international standards of class A premium office space. Engineering, ventilation and fire safety systems, which are controlled by an automatic control system, conform to the highest criteria of reliability and modern technology. 24 hour security, video surveillance and an electronic access system make the business centre one of Moscow’s safest. Ample parking for 1,053 cars is another advantage of the site, which is located in the historical centre of Moscow.

Tenants of Vivaldi Plaza include Jones Lang LaSalle, English First, Stork Corporate and Sojits Corporation.
www.vivaldiplaza.ru

About O1 Properties
O1 Properties is one of the largest owners of Class A and B+/B office space in Moscow. The Company owns and manages a portfolio of eight completed office buildings located in prime business areas of Russia’s capital with a total net rentable area (‘NRA’) of 321,000 sq. m. Of these eight assets, five are leased yielding properties with a total NRA of approximately 200,000 sq. m. and an occupancy of 95%, and three are newly completed properties with a total NRA of approximately 121,000 sq. m. O1 Properties’ portfolio also includes two development properties representing 5% of the overall portfolio value. According to Cushman & Wakefield’s Valuation Report, the market value of the Company’s portfolio amounted to US$ 2.1 billion as at December 31, 2011.

About Roche Diagnostics RUS LLC
Roche Diagnostics RUS LLC is a subsidiary of Roche, headquartered in Basel, Switzerland. For more than 110 years Roche has been providing cutting edge solutions in healthcare. As a world leader in in vitro diagnostics, the Company supplies medical diagnostics equipment as well as a wide range of tests for the swift and reliable detection of diseases, and their monitoring, carried out by doctors, laboratories or patients themselves.
Together with Roche Pharmaceuticals, Roche Diagnostics plays a key role in laying the foundations for modern healthcare.
The wide range of innovative diagnostic tests and systems developed by the Company plays a key role in the provision of integrated medical solutions, early stage diagnostics, screening, analysis and disease monitoring.
www.roche.ru

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