OREANDA-NEWS. February 13, 2012. Sales of Minsk-City commercial real estate have been started. Office premises are offered in the Complex first Business Center to be commissioned in April 2012.

Minsk-City first Business Center is a class B 8-storey building located to the south of downtown in Ulitsa Aerodromnaya – one of Minsk arterial highways, a part of the Second Ring Road. It is right next to public transportation stops and a railway station, as well as Minsk third line metro station to be built in the future.

The office premises usable floor area is 2 500 m2, and the Business Center total area is 4 120 m2. The project infrastructure includes a fitness center to be located on the ground floor of the building and a parking lot on the adjoining area. The office premises to be sold occupy floors from 1 to 8 and are of the following floor area: 36 m2, 46 m2, 160 m2, 300 m2, 350 m2. All the premises to be sold have had final finishing.

Vladimir Aleksandrovich, Head of ITERA Group development projects in Belorussia, said: Now we are completing reconstruction of the first Business Center. Earlier this year, we have started construction of the second phase, including laying a foundation of a new three-section house, which is underway. Meanwhile, we are waiting for the State Committee’s decision in respect of four residential houses and hope to commission them by March.

The ITERA Group is a vertically integrated holding company, one of the major independent natural gas producers and sellers in Russia.  The ITERA Group includes 150 enterprises and companies in the CIS, Baltic States, Western Europe, Asia, Africa and the United States.

The ITERA Group development business is represented with large construction projects, including “Minsk-City” Business Center with the first residential skyscraper “Parus” in the Belarusian capital, office premises for the Organizing Committee of the 2014 Olympic and Paralympic Games in Sochi, “Pavlovy Ozera” cottage settlement in Moscow Region and other projects.

Minsk-City is a multifunctional complex in Minsk.  The area of 318 ha will accommodate a residential district, commercial real estate and administrative buildings.  The complex development is scheduled to be completed by 2020. The ITERA International Group of Companies is the project developer.