Berlin House
5 Petrovka Street, Moscow
Berlin House is a Prime Class A office/retail property is located approximately 500 meters from the Kremlin, and adjacent to Geneva House. Since its completion, Berlin House has been considered one of Moscow’s truly prime investment grade properties, with Reuters, Citibank and Apple as major tenants.
Completed in 2002, and acquired by Eastern Property Holdings in 2004, Gross Build Area of Berlin House is 13,000 sqm, which includes 5,600 sqm of office space, 1,800 sqm of retail space, and 64 parking spaces.
In a multi-stage transaction which included both Berlin House and the neighboring EPH property, Geneva House, EPH sold an 80% stake in each property to a private real estate investment group in June 2010, and an additional 10% to the same investor in August 2011. EPH has retained a 10% stake in the trophy properties in order to participate in its potential future appreciation. The management, leasing, operations and marketing strategy of Berlin House remain unchanged under the new ownership structure.
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