EPH has acquired full ownership of Geneva House, a 16,500 m² Prime Class A office and retail property at 7 Petrovka Street in Moscow. The property has been developed by EPH as a 50%-owned joint venture. Construction was completed and title received in the latter half of 2009.
Geneva House has eight above ground floors and four underground floors. The first two above-ground floors and the first underground floor of the building are retail space. The other six above-ground floors are for office use, and three underground floors house almost 140 parking spaces. The property is located approximately 600 meters from the Kremlin, in the immediate vicinity of the Bolshoi Theatre, Marriott Aurora, and TsUM department store.
Leasing of Geneva House is currently underway, with commitments for over half of net rentable area from institutional tenants.