OREANDA-NEWS. ZAO AVIELEN A.G. – a joint venture between the Austrian real estate developer Warimpex, CA Immo Group and UBM – has now successfully closed the sale of two office towers at AIRPORTCITY St. Petersburg, which was signed in November 2014. The buyer is a subsidiary of the private Russian pension fund BLAGOSOSTOYANIE managed by the TRINFICO Investment Group. Total transaction volume was EUR 70 million. ZAO AVIELEN A.G. had been advised by PwC Russia.

Dr. Holger Mueller, Managing Director at PwC Russia Real Estate:

"This transaction which had been closed at an attractive pricing within a generally difficult economic environment proves that there is still interest in Russian properties provided all factors are right: the quality of the building, the tenant and the location".

The two buildings – Jupiter 1 and Jupiter 2 – offer roughly 16,800 square meters of space in total.

AIRPORTCITY St. Petersburg is being developed by the project company ZAO AVIELEN A.G. and is located in close proximity to Pulkovo 2 international airport in St.Petersburg. It is the first premium-class business center at this location and is a key infrastructure project in the area around the airport, one of the fastest-growing commercial zones in St. Petersburg.

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