White Square on offer for record amount

As reported in Kommersant on 10 October 2012, the White Square Office Centre located in the centre of Moscow near the Belorusskaya metro station and owned by AIG/Lincoln and VTB Capital, has been offered for sale.

Tenants include Microsoft, McKiney & Company, PricewaterhouseCoopers and Deloitte,  The first bidders have already appeared: 01 Properties owned by Boris Minz, Gagik Adibekyan’s R Group and Lenhart Group, which is operating on behalf of the Rotenberg brothers.

The vendors are allegedly seeking a record amount for the business centre – approximately USD 1 billion. This compares to a valuation of approximately USD 700 million in 2009.

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