Press conference on World Trade Centre, Nizhny Novgorod

1 Aug, 2008, Nizhny Novgorod

A Press conference was held yesterday in “Interfax- Volga” on “The progress of construction of “World Trade Centre Nizhny Novgorod” (Phase I) office centre project” with the participation of the following speakers: Pavel Solodkiy, Director of OOO “UK-RTsMT”, Oleg Gusakov, member of Board of Directors, OOO “WTC 1”, Miles Jones, General Director, Griffin 2 Development, Maxim Andryukhin, Head of Regional Projects, Cushman & Wakefield Stiles & Riabokobylko.

The journalists were briefed on the construction progress on the World Trade Centre office and hotel projectin Nizhny Novgorod and the completion of Phase I office building’s core structure. Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R), the Russian office of the world’s largest privately held global real estate services firm, are the exclusive leasing and marketing agents for office spacein the World Trade Centre located in the thriving Volga city of Nizhny Novgorod, Russia.

The World Trade Centre is a Class A office building located in the heart of Nizhny Novgorod’s business district at the intersection of Oktyabrsky Boulevard, Varvarskaya and Kovalikhinskaya streets and 400 metres from the city’s Kremlin. The office centre is five minutes walking distance from the metro station Gorkovskaya that is currently under construction and is due to open in 2010. The XX,000 sq. m project will be delivered in 3 phases:

Phase I: Offices (gross area 17,000 sq.m)
Phase II: Offices and 3-star hotel (gross area 18,050 sq. m)
Phase III: Offices, conference centre and 4-star hotel (44,900 sq.m).

Phase I is due for delivery in Q1 2009 and will offer future tenants quality Class A open plan office space with a choice between shell and core or fitted out premises, 2 levels of underground parking for 100 cars, modern security and fire alarm systems and central HVAC. The building will be managed by a professional international property management company. Tenants will also benefit from such amenities as a conference centre, a 4-star and 3-star hotels, a restaurant belonging to the Goodman’s chain, bank and ATMs.

Alexander Dubinin, Marketing Director, Griffin 2 Development: “Construction on the project is making good progress and the building’s core structure has already been completed. We believe that this project will contribute in attracting more business to the Volga region and complement our warehouse complex outside Nizhny Novgorod - Volga Industrial Park”.

Maxim Andryukhin, Head of Regional Projects, C&W/S&R: “The prime location, high quality office space and developed infrastructure that the World Trade Centre has to offer makes it ideal for a representative office for Russian and international companies looking to establish a base in Nizhny Novgorod. We believe the WTC will become the most sought-after address for businesses in the Nizhny Novgorod area”.

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