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TNK-BP Moscow Office Sells For $238M

Promsvyaznedvizhimost has acquired the Alfa Arbat Center office complex on Moscow’s Arbat Street.

    Promsvyaznedvizhimosthas acquired theAlfa Arbat Centeroffice complex on Moscow’s Arbat Street,PropertyEUreports. The deal has been valued at $238 million. The property is owned by and partially leased to Russian oil companyTNK-BP.

    Cushman & Wakefieldhas managed the sale. The move follows TNK-BP's decision to relocate to the Nordstar tower in the Begovoi neighborhood of Moscow.

    Click here for the story fromPropertyEU.

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