Rostelecom's subsidiary, Central Telegraph, PJSC, closed a deal to sell an office building of 12,000 square meters between Nikitsky and Gazetny Lane. The amount of the transaction amounted to 2 billion rubles. From the message of the Central Telegraph it is known that the complex was bought by LLC “First”. It belongs to the family of the founder of one of the largest Siberian retailers - Maria-Ra, Alexander Rakshin. How LLC "First" is going to use the building is still unknown. ILM Managing Partner Andrei Lukashev added that at the moment there is a certain shortage of office real estate in the center of the capital of the Russian Federation. The second option is the redevelopment of the building under the service apartments: given the location of the building in the very center of Moscow, this option will be more economical. Read more: http://www.amic.ru/news/430296/

Business fears have come true - from 2019 the property tax rate will increase by almost a third. The rate of 2% will be applied, a representative of the Moscow Economic Policy and Development Department told Vedomosti. Most companies were expecting a rate hike, but less significant, and only budgeted 0.1–0.2 pp in the next year’s budget, says Margarita Trofimova, ILM Evaluation and Consulting Director. Source: https://www.vedomosti.ru/business/articles/2018/12/06/788544-stavka-naloga-uvelichitsya

The WeWork Coworking Network leased almost 5,900 square metersin the business center "White Square" next to the "Belarusskaya” metro station. The lease agreement is concluded for a period of seven years with the possibility of renewal, the opening will take place in mid-2019. WeWork was created by Americans Adam Neuman and Miguel McKelvey in 2010. It is one of the largest co-working networks in the world: it has 335 offices in 83 cities in 24 countries. According to this indicator, it is second only to Regus, which has about 3,000 offices around the world. In Moscow, there are 111 coworkings with an average area of ​​1,500 square meters. The total offer of offices of this format in Moscow is 130,000 sq. m.. m. It will gain more and more popularity: for many companies it is the most economically advantageous option of using office space. Director of the office real estate department at ILM, Anna Vorobyeva: since 2016, the demand for offices for teams of 3–10 people has almost tripled. In 2018 alone, more than 3,000 companies, according to her data, were looking for such offices for their start-ups, while the number of early termination of short-term contracts (11 months) by tenants increased almost 2 times compared to last year. Source: https://www.vedomosti.ru/realty/articles/2018/12/11/789040-kovorking