Acquire a commercial property with further development potential that is strategically located in one of Russia’s leading energy provinces.The Business
This commercial Property consists of:
• New four-star 149-room hotel in an eight-story 10,000 square meter building
• A-Class office building with 9900 square meters of leasable space
• Two hectares of adjacent land available for commercial or retail development
The four-star class hotel consists of an eight-story, 10,000 square meter building with 149 rooms that was built in 2006 and began operation in December that year. This hotel is of unique quality for the region and has no comparable competitors. The hotel has a fitness center, restaurant with show-kitchen, conference halls, a business center and offices for short-term lease. The top floor has a 130-seat bar and a 180 square meter open terrace. Of the 149 rooms, 35 are suites, and five of them two-room suites.
The adjacent A-class office building is approximately 90% complete, however construction is currently halted. The office building has about 9,900 square meters of leasable space as well as 2,000 square meters of underground parking. The building is ten floors, constructed under a ready zoning concept for further division and fit-out by tenants.
The land occupied by the buildings as well as an additional separate adjacent two-hectare parcel are available for further commercial and/or retail development. This city center site would be ideal for a shopping mall or convention/conference center.
Market
With a population of 182,000, Yuzhno-Sakhalinsk is located at the south end of Sakhalin Island (population 580,000), and within 100 kilometers of Hokkaido Island, Japan. Yuzhno-Sakhalinsk is the base city for operations for many companies that are participating in the huge Sakhalin offshore oil and gas projects along the eastern coast of Sakhalin Island. A number of oil companies and oil and gas services have regional headquarters in the city.
The Shareholders of the Russian stock company that owns these properties desire to sell one hundred percent of shares of the company, or the assets could be divided for separate sale.
Sector: Real EstateSegment: Office/HotelRegion: RussiaFinancing Size: $50 to $100mContact: Mark Hanson
Company: ChoreoInvestTelephone: +1 641 919 1474Email: [email protected]