Warimpex, CA Immo and UBM open the multifunctional Airport City St. Petersburg (RU)

With the opening of a four-star Crowne Plaza St. Petersburg Airport hotel belonging to InterContinental Group, and the premium Jupiter and Airport office towers offering a total of 17,000 m² of premium office space, the joint venture company OAO AVIELEN A.G., which comprises the Austrian real estate investors Warimpex and CA Immo and the developer UBM, has successfully concluded the first phase of the Airport City St. Petersburg project.

Airportcity St. Petersburg

The project's remaining 15,000 m² of office space is due to be completed soon.

"The opening of Airport City St. Petersburg marks an important step in the successful business activities of Warimpex and its partners in Russia. The keen interest shown by tenants in the newly opened office space and of course also the fact that we were able to bring InterContinental Group on board to manage the four-star Crowne Plaza St. Petersburg Airport both serve as confirmation of our long-term strategy of investing in the Russian growth market and in the location of St. Petersburg," said Georg Folian, a member of Warimpex's Management Board and chairman of the supervisory board of OAO AVIELEN A.G.

St. Petersburg serves as a hub
St. Petersburg is one of the most significant transport and trade hubs in Russia and is an important industrial location. In particular, the solid infrastructure, the availability of a highly qualified workforce, local tax benefits and not least the city's proximity to the major Russian sales market are the factors leading many international companies to settle in St. Petersburg.

Airport City St. Petersburg
Airport City St. Petersburg is being developed by the project company OAO AVIELEN A.G. and is located in the direct vicinity of St. Petersburg's Pulkovo 2 international airport. It is the first premium business center in the region and an important infrastructure project in the growing business center of St. Petersburg.

"The mix of use types comprising a hotel and office space at the St. Petersburg airport offers good synergies and makes this location unique within the region. We see great potential in this project and are particularly pleased about the prestigious partnership with InterContinental Hotels Group," said Bruno Ettenauer, Chairman of the management board at CA Immo.

The four-star Crowne Plaza St. Petersburg Airport hotel, which will be operated by InterContinental Group, is the only hotel located directly at the airport. It has 294 rooms and spacious conference facilities for up to 1,000 visitors, and it is specially geared towards the needs of international business travelers.

"The new Crowne Plaza St. Petersburg Airport is one of the most remarkable hotels in InterContinental Group. The renowned standards of the Crowne Plaza line will make a decisive contribution to turning Airport City St. Petersburg into a popular recreation center," said Robert Kennedy, Vice President of Operations, Russia and CIS, and Vice President of Finances, Europe, for InterContinental Hotels Group.

In addition to the Crowne Plaza hotel, three modern office buildings with a total of 32,

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