Positive resolution of the State Expertise has been given for K2 business park, multifunctional office and retail center in Moscow Region.
December 2009
In November 2009, Storm Properties received a positive resolution from the State Expertise for K2 Business Park, a multifunctional office and retail center. Thus the process of preparing and approving the project documentation has been fully completed.
Co-invested by Marbleton Property Fund and Storm Properties, K2 Business Park is Moscow Region’s first international Class A business park of institutional quality strategically located on Kaluzhsky highway 2km from the MKAD in a fast-growing business and residential district.
The international project team consisted of high caliber companies including NBBJ (USA), Korda (USA) and Spectrum Holding (Russia). Sawatzky Property Management and Jones Lang LaSalle were attracted as project consultants.
Evgeny Aleshin, CEO & General Director of Storm Properties, stated: "K2 Business Park is a precise reflection of our current strategy. We continue the design and approval processes for all of our projects in order to be ready to start construction as soon as the market enters a growth phase. Today, we are even more interested in the progress of our projects then before crisis."
Jon Hodnett, CEO of Marbelton Property Fund, also commented on the project's achievements: "On behalf of all members of the project, we are happy to make the announcement about receiving the full package of permission documents which are necessary for starting construction of the first business park in Moscow Region which fully satisfies international standards. K2 Business Park is targeted to create a comfortable business atmosphere for tenants who require effective and easily accessible Class A office space. without any traffic problems as it is usual for the premises in the center of the city. This project fully accomplishes Marbelton Property Fund's strategy which is aimed on the acquisition of high-class real estate objects which will be demanded by institutional investors in the future."
For more detailed information about the project please call Storm Properties: Tel.: +7(495) 9255550, e-mail: info@storm.ru
Marbleton Property Fund Overview
Marbleton Property Fund was founded in 2002 and co-sponsored by Alfa Capital Partners, affiliated with Russia's Alfa Group, and JER Partners, the global real estate investment arm of the J.E. Robert Companies. The US$275 million private equity real estate fund focused on real estate investments across all property sectors in Russia, the Ukraine and other CIS countries. Marbleton Property Fund was closed in June 2007 with equity commitments mainly from institutional investors in the United States, Canada and Europe. For more information about Marbleton Property Fund please visit www.marbletonfund.com
Storm Properties Overview
Storm Properties was founded in 2005. Storm Properties is a real estate development company providing a full range of development, investment and asset management services In September 2007, the company became affiliated with PIK Group. Storm Properties possesses extensive international experience to develop Class A projects over the complete spectrum of the real estate market: office buildings, retail and high-end residential developments, covering not only the Moscow Region, but the whole of Russia. The top-management’s cumulative real estate experience is more than 40 years. In 2007, Storm Properties became the first developer in Russia certified in accordance with the international quality management system ISO 9001:2000. For more information about Storm Properties, please visit www.storm.ru
