O1 Properties and Internet Initiatives Development Fund signed a long-term lease for office space in Silver City business center

January 22, 2014 - The investment company O1 Properties is pleased to announce that it has signed a five-year lease agreement with Internet Initiatives Development Fund (IIDF) for office space in Silver City business center. Total leased area is 3,394 sq.m, CBRE acted as a broker in this transaction.

The new 2,889-sqm office of the IIDF will be accommodated at the seventh floor. The company will also lease another 505 sq.m on the ground floor where a conference hall will be organized. The moving is scheduled for March of 2014.

O1 Properties CEO Aleksander Ostrovsky: «We are happy to offer the tenant a comfortable office space and event venue solution within the same building. We know that the IIDF employees will fully appreciate the spacious rooms flooded with light, as well as the business center's developed infrastructure. In the meantime the guests of the events that are often held by the IDDF will feel comfortable due to the convenient parking facilities and office building's prime location in close proximity to several metro lines. With this lease signed, the vacancy rate in Silver City does not exceed 10%».

IDDF CEO Kirill Varlamov: «We were very careful about choosing our office. The extremely important factors for us were proximity to the center of the city, good transport accessibility, adequate space that would allow us to place our employees, accelerator and conference hall within the same office building. We hope Silver City will be instrumental in the arrangement of all activities on our own venue: pre-accelerator, accelerator, business angels club, venture investment school, and a lot more».

Key facts about Silver City business center
The nine-storey A-class business center Silver City is located at 29 Serebryanicheskaya embankment in the historical center of Moscow on the Yauza river quay between Boulevard and Garden Rings, not far from Kurkskaya, Chkalovskaya and Taganskaya metro stations. Net rentable area (NRA) amounts to 41,819 sq.m, parking has 446 lots. The list of tenants features largest national and international companies, including RVC, Rusatom, Fesco, Qatar Airways, Canon and others

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