Procter and Gamble first tenant signed up for Metropolis

26 Jun, 2007, Moscow

Procter&Gamble the name behind top selling international consumer brands that encompass everything from Gillette razors to Pringle’s potato chips is to be the first office tenant in the Metropolis Business Park being developed by Capital Partners.

Procter&Gamble will locate its regional headquarters across more than 18,000 sq m of the second office building at Metropolis. The business park which will also include an 80, 000 sq m retail offering is located on Leningradskoe Shosse, Moscow and on top of Voykovskaya Metro Station.

Viktoria Manzioukova, partner and head of Client Solutions led the team representing Procter&Gamble during lease negotiations: “After a thorough search of the market we were delighted to be able to secure this development for Procter&Gamble. Despite a limited time frame we were able to create and negotiate a bespoke solution for their needs as an office occupier.”

Metropolis is located a mere 10 minutes drive from the city centre and 18 km from Sheremetyevo International Airport. Developer Capital Partners will deliver two office buildings totaling 40, 000 sq m in the second quarter of 2008.

The business park will expand as an additional office building of 40,000 sq m as well as a retail mall is delivered in the third quarter of 2008.

Matthew Price, General Manager, P&G Eastern Europe said the new headquarter building is needed to keep pace with a rapidly expanding business: “P&G is moving to meet the increased needs of our larger, more diverse, faster –growing business. We successfully integrated Gillette and look forward to continued fast growth of our combined business. A new bigger office answers today’s and future needs.”

Viktoria Manzioukova further commented on the pace of the lease negotiations: “I was certainly impressed by the professionalism shown by Capital Partners in a market which frankly favors the Landlord. Their commitment during lease negotiations to ensuring a win-win deal for both parties is commendable.”

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