The Russian Bank for Development is expanding (RU)

Cushman & Wakefield is pleased to announce that lease deal for an office building – the Progress business center – has been closed. The long-term lease agreement was signed by the Russian Bank for Development at the end of February 2011.

The decision to move to new, bigger offices was made by the bank's management due to the ongoing development of the bank's operations. Cushman & Wakefield represented the tenant.

Vera Zimenkova, Partner at Cushman & Wakefield's Client Solutions Department, said, "We were set the task of choosing office space for RBD in the area of the Third Transport Ring. We investigated leasing several floors in class A and B+ business centers, as well as detached, dedicated buildings.

"As a result of our efforts, our clients signed a lease on the Progress business center, located at 79 Sadovnicheskaya street, with an area of 7,312 m². It is a long-term lease, with an option to purchase."

Source: Cushman & Wakefield

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