| 15 July 2008 |
 
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July 4, 2008, Moscow – Tema Development Company has announced the opening of the Citydel business center located at Zemlyanoy Val, vl. 11-19.
The new 97,292 square meter facility is located within a five-minute walk from the Kurskaya metro station. The group of buildings comprises the Citydel business center and the 33,700 square meter offices of the Federal Tax Service. The 63,500 square meter business center is equipped with the latest engineering and technical solutions – computer-assisted building management with fully controlled heating, air conditioning and ventilation systems. The facility has underground parking for 290 cars.
The facility’s infrastructure includes a fashionable shopping and recreation zone, a World Class fitness center with a swimming pool and spa, as well as the restaurants Kolbasoff, Mamina Pasta, Goodman and Filimonova and Yankel.
Andrei Petrov, director of the commercial real estate department at Knight Frank Russia and CIS (the exclusive consultant on the project) said that most of the office space in the facility was rented even before the facility opened.
Citydel’s anchor is the major international chemical concern Schwarzkopf & Henkel, which occupies more than 16,000 square meters. Major tenants include Japan Tobacco International, Pepsico International, Regus and Rusfinans Bank.
The professional management of the building creates all the necessary conditions for efficient business operations. Citydel’s assurance of success is a team of the best Russian and international companies engaged in implementation of the project.
OOO Promindustria is the project investor. The developer and client is ZAO Tema. Financing for the project was secured through OAO Bank VTB with funding from a syndicate of French banks including Societe Generale and BCEN Eurobank, with export insurance by COFACE.
The project’s general contractor is Bouygues Batiment International, which has been in operation on the Russian market for more than 15 years.
Knight Frank is the exclusive consultant for marketing and implementation of the project.
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