Company News

08 june 2012

Ural Bank for Reconstruction and Development will open their first office in Saint Petersburg with ASTERA Assistance

Ural Bank for Reconstruction and Development (URBRD) has leased a space on Vladimirsky Prospect. ASTERA, an alliance member of BNP Paribas Real Estate, has rendered services on premise selection.

The first Saint Petersburg office will have an area of around 350 sq.m. Ural Bank for Reconstruction and Development operates on the financial market for more than 21 years and has more than 200 offices in 25 regions of Russia. Before the leased premises on Vladimirsky Prospect were also occupied by a bank.

"While choosing the premises we took into consideration a number of factors. Firstly, it was important for us that the office is located in the CBD not far from metro station, public transport stops and key traffic junctions", - says Gennadiy Izevlin, Head of Regional Development project in URBRD, - "Vladimirsky Prospect is a business part of the city with high pedestrian traffic. Nevsky Prospect, the main street of the city, and a lot of office buildings and business centers are located nearby. From the point of view of our potential clients it is an ideal place for us". According to Gennadiy Izevlin, among very important criteria are office location on the ground floor and the separate entrance to the office.

Soon URBRD is planning to open several offices in Leningrad Oblast, particularly in Volhov. Till 2015 URBRD is planning to open 350 offices of different format in all regions of Russia.

According to experts of ASTERA, an alliance member of BNP Paribas Real Estate, since 2012 the number of lease transactions with banking institutions has increased significantly. “Banks were in search of commercial real estate premises to open additional offices since late 2010. Still, despite the demand, transactions of lease and purchase were rare. Today we can state that banks' monitoring of existing proposals began to convert into real deals”, - says Lyudmila Reva, the Director at ASTERA, an alliance member of BNP Paribas Real Estate. As a rule, banks are not interested in rental rates, they want that the premises met special criteria. Among important requirements banks consider special requirements for the span strength, two entrances, and isolation from other tenants. Banks prefer to occupy specially equipped space in order to avoid investments in specific and expensive renovation".
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