Hines and PPF Real Estate acquire Metropolis Office Buildings (RU)

The Hines Russia & Poland Fund ("HPRF"), an affiliate of Hines, the international real estate firm, and PPF Real Estate Holding B.V. announced today its joint acquisition of the Metropolis Office Buildings I and III in Moscow.  As a result of this transaction, the partners now own over 56,000 m² GLA of Class A office space with almost full occupancy by more than 40 prime commercial tenants.
The Metropolis Office and Shopping Complex, consisting of three office buildings and a shopping mall, was built in 2009 in the north part of Moscow on the main route from Sheremetevo airport to the city centre. The Metropolis Shopping Center is one of the top shopping malls in Russia.
Source: Hines