Heitman has made its first Russian property acquisition through its fourth European real estate fund. According to an announcement from the Chicago-based firm, the global real estate investor has purchased a Class A office building in Moscow’s Voykovsky submarket on behalf of its Heitman European Property Partners (HEPP) IV fund for an undisclosed amount.
Heitman purchased the 11-story, 242,140-square-foot building from its developer Capital Partners. Known as Office Building 2, the property is part of the Metropolis Mixed-Use Center, a 3.35 million-square-foot complex comprising three office buildings and a large shopping centre, and is located along the office corridor connecting Moscow’s city centre with Sheremtyevo Airport. Office Building 2, completed in 2008, is fully leased to multinational corporate tenants.
In a statement, Gordon Black, senior managing director of Heitman’s European private real estate equity group, said the acquisition met the firm’s investment criteria for HEPP IV. “Moscow is an increasingly dynamic economy and Office Building 2 is an outstanding property by which to make our first footprint in this market,” he added.
With €505 million in equity commitments, HEPP IV is Heitman’s latest European value-added property investment fund. The firm manages more than $22 billion in assets invested directly and indirectly in real estate in North America, Europe and Asia.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
