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FERRO-STROY GROUP OF COMPANIES ANNOUNCES COMPLETION OF PALLAU RB PROJECT

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Ferro-Story Company completed the flagship project of A class business center – Pallau RB. The new complex is located at the intersection of MKAD and Rublevo-Uspenskoe highway.

The business center is comprised of two office buildings of 8 and 10 floors on the uniform stylobate. The total area of Pallau RB is 56 000 sq. m. Area of building A is 30 000 sq. m, total area of building B makes 14 000 sq. m, and now both of them are completed. Cushman & Wakefield is designated to advise on sales of office premises.

Total volume of investment contributed to the project amounts to $4bn. Ferro-Story represented by Rublevo-Uspenskoe Company was project investor and developer.

Grogory Vaulin, General Director at Ferro-Story Group of Company, says “Pallau RB gives our clients opportunity to create perfect conditions for business development. Pallau RB is located at Rublevo-Uspenskoe highway with the gateway to MKAD. Particularly for this project the separate road to Rublevoe highway was constructed. Balanced concept and construction of the highest quality make our project unique”.

Alexander Pyatin, Associate and Head of Sales and Acquisitions at Cushman & Wakefield Russia Office Group, says: “Today’s economic situation has the direct adverse impact on real estate market, and this makes project quality even more important than ever. Excellent location, transport accessibility and unique concept guarantee sustainable demand for Pallau RB. Part of the building was realized before the whole project was completed, which again proves high quality of the project and demand for it”.