O1 Properties wins prestigious European Property Award


Moscow, Russia – 28 September 2012
– 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 that it recorded an impressive performance at the 2012-13 European Property Awards, winning an accolade in the Office Development - Russia category for its Lighthouse business complex.

Participating in the event for the first time, O1 Properties received a “Highly Commended” award at a gala presentation dinner at the London Marriott Hotel Grosvenor Square on 24 September, 2012.

The 14-floor, class A Lighthouse business complex was completed in early 2012 to the best international standards. The property, with its breath-taking panoramic views and ultra-modern design, is located in one of the most sought-after business hubs in Moscow. As the project’s investor, O1 Properties selected City Developer to carry out the development of Lighthouse business complex, which was done to the highest quality requirements.

The European Property Awards are part of the long established International Property Awards, one of the world’s most prestigious property competitions, covering residential as well as commercial categories. The award winners’ logo is recognised as a symbol of excellence throughout the global real estate industry.

Alexander Ostrovsky, CEO of O1 Properties, commented: “We are very pleased to have won a European Property Award and to have been acknowledged at such a high profile event amongst strong contenders from the competitive European property sector, which is testament to the ambition and commitment of our dedicated staff and management team.”

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 ten completed office buildings located in prime business areas of Russia’s capital with a total net rentable area (‘NRA’) of 396,000 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 (including two development properties) amounted to US$ 2.9 billion as at June 30, 2012.

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