Cushman & Wakefield and Knight Frank have been mandated to sell the first and second buildings of the Danilovsky Fort business centre in Moscow. The properties, which are owned by local property developer Sistema-Hals, provide a total area of 27,500 m2 and will be offered for a price of $3,000 per m2, or a total of $82 mln (EUR 58 mln).

Danilovsky Fort is a modern Class B business complex located at the Novadanilovskaya Embankment near to the Varshavskoye highway and the Tulskaya metro station. The assets also include some retail space, restaurants and 238 parking spaces.

Sistema-Hals, which is majority owned by VTB Bank and is listed on the London stock exchange, also said this week that it has signed a credit agreement with its parent company to finance its subsidiaries. Under the terms of the deal VTB Bank will provide a six-year financing facility of up to $84 mln, at an interest rate of 8% per annum.