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Ben Parkinson
Ben Parkinson
  • 1 Minute Read
  • 07th February 2013

Delta Plaza Moscow welcomes Covidien as first tenants

Covidien, the international medical equipment and supply company, have become the first tenants at Moscow’s Grade-A Delta Plaza office complex, according to consultants Jones Lang LaSalle (JLL).

The company – represented by global commercial real estate advisers Colliers International – have chosen to re-locate their headquarters to the Russian capital by occupying an entire floor of space.

The floor-plate on the seventh story of this eagerly anticipated office complex is a substantial 2,600m², with Covidien agreeing an initial lease term of 10 years, with the option to extend as required.

The business centre boasts nine storeys of premier office space, with a total area of 29,050m² of which 22,179 m² is currently leasable.

Covidien have scheduled a moving date for their headquarters sometime between May – June 2013, in order to have all first fix aspects in place before any further tenants sign a lease for further space at Delta Plaza.

The property sits within Moscow’s Garden Ring, an internal ring-road developed in the 1820s on the site of the former city ramparts. Having been widened under orders from Stalin in his 1935 master-plan, the road now provides convenient access around the city, as well as to passing trade.

The ease of access is heightened by the proximity of two metro stations at Kurskaya and Chkalovskaya, which adjoin the building and link to the outer Third Ring Road in 10 minutes by train.

Developed by Accent Real Investment Managers (AREIM) in conjunction with Sawatzky Property Management, the property takes advantage of the extensive road links in the vicinity through the inclusion of two underground car parks, whilst the road opposite provides further parking opportunities to clients and others connected to the resident businesses.