Rus News Journal

Offices move from the centre of Moscow

Their place will occupy apartments

with Moskomarhitektury will not accept any more on consideration of the offer of the investors, connected with placing in the centre of capital of office buildings. The main architect of a city Alexander Kuzmin has informed on it yesterday after session of the Moscow government. Now the share of commercial real estate already exceeds 50 % of all areas of the Central administrative district of Moscow.

it is our joint with prefecture of district a position: office building in territory TSAO should be stopped - has declared g - n Kuzmin. In the mayoralty notice that in district it is constructed more than uninhabited premises, than it has been provided by the General plan. According to CB Richard Ellis Noble Gibbons, volume of the market of office premises of a class And and In in the centre of Moscow has almost reached 1,5 million in sq. m. Despite high cost of the rights of rent of the ground area, an investment in commercial real estate are favourable to investors. Rent rates in some business - the centres within the Garden ring reach 1,5 thousand dollars for square metre a year, the sale price - to 10 thousand dollars for square metre.

management TSAO tries to impose for a long time already restrictions on office building. Earlier under the prefecture offer the Moscow government has accepted the standard document limiting volumes of building of office and trading objects in the centre of capital to 5 thousand of sq. m, however, as the prefect of the Central administrative district Sergey Bajdakov, " has told daily; this document does not operate . more effective mechanisms of influence on investors " Are necessary; - the prefect has underlined.

the interdiction for office building will not concern before the confirmed projects, Alexander Kuzmin has underlined yesterday, however with investors will be spent Pedagogical work . We will try to convince them to change a functional purpose of objects on more comprehensible to city centre - has told g - n Kuzmin. First of all, as he said, it is a question of building instead of offices of inhabited apartments.

building of apartments equally is equitable to interests and cities, and developers, considers g - n Kuzmin: it is interesting To a city, as inhabited function creates smaller loading on dorozhno - a transport network . He also has added that building specifications on apartments will be published in the beginning of 2007.

the experts interrogated daily, assert that the interdiction for building of offices in TSAO will not frighten investors. natural process of redistribution of offices has already begun. If in the end of 1990 - h nobody wanted to leave for limits of the Garden ring today geography of building business - the centres is much wider: Actively develop jugo - western and severo - the western direction, the western part of a city " is claimed; - the leading expert of department of commercial real estate Penny Lane Realty Maxim Zhulikov speaks.

chief executive UK Blackwood real estate Funds Artem Tsogoev adds: the Idea stated by the main architect, corresponds to tendencies of development of world capitals where the centre is lived, and offices are concentrated to specially taken away territories . In opinion g - on Tsogoeva, building of apartments instead of offices it can appear even more favourable to investors: If the square metre in business centres costs to 5-10 thousand dollars, in apartments on the average 25 thousand dollars .

According to the expert, an interdiction for building of office centres in TSAO can add to growth of rent rates in existing business - the centres of 5-10 more % . However this increase will not be one-stage, therefore anything catastrophic in the market will not occur - it summarised.