Eastern Property Holdings announces acquisition of 100% of the A-Class office building Hermitage Plaza in Moscow
(Thomson Reuters ONE) -
Eastern Property Holdings Limited (EPH) /
Eastern Property Holdings announces acquisition of 100% of the A-Class office
building Hermitage Plaza in Moscow
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The issuer is solely responsible for the content of this announcement.
31 December 2014, Road Town, Tortola, BVI
Eastern Property Holdings ("EPH" or the "Company") would like to announce that
it has acquired ownership of the A-Class office complex Hermitage Plaza located
in Tverskoy central district of Moscow, in the center of Moscow's business life.
The cash payment for the acquisition of the property amounts to US$ 195 million,
subject to possible post-completion adjustments.
Hermitage Plaza is a multi-storey A-Class business center fronting on Garden
Ring, one of Moscow's most important transport routes, and located in proximity
to the Kremlin area and close to Mayakovskaya and Novoslobodskaya metro
stations. The business center was fully renovated and opened in 2006. Hermitage
Plaza with a total leasable area of above 30,000 sqm is fully rented out to
mainly one tenant, Russian Telecommunication Company Vimpelcom.
Following the strategy of EPH to acquire income producing properties located in
Moscow's business centers and considering the above mentioned investment
parameters such as excellent location, high quality of the building, extremely
low vacancy rate and reputable anchor tenant, the acquisition of Hermitage Plaza
further strengthens the Company's portfolio.
Eastern Property Holdings Ltd. is an SIX Swiss Exchange-listed real estate
development and investment company focusing on Russia. The company holds
interests in office, residential, retail and parking properties and
developments, principally in Moscow and St. Petersburg. EPH is managed by
Valartis International Ltd. a wholly-owned subsidiary of Valartis Group AG.
Additional information on Eastern Property Holdings is available by contacting
Anna Bernhart Tel: +41 43 336 8111.
EPH announces Acquisition of Hermitage Plaza:
http://hugin.info/139905/R/1883895/665529.pdf
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originality of the information contained therein.
Source: Eastern Property Holdings Limited (EPH) via GlobeNewswire
[HUG#1883895]
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Datum: 31.12.2014 - 07:00 Uhr
Sprache: Deutsch
News-ID 361857
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