Cushman & Wakefield (C&W) has confirmed the sale of the Alfa Arbat Center office complex on Moscow' Arbat Street to Promsvyaznedvizhimost, owned by Russian billionaires, Alexey and Dmitriy Ananyev. The transaction, which was carried out on behalf of Russian oil group TNK-BP, amounts to $238 mln (EUR 167 mln).
Completed in 2005, Alfa Arbat Center provides around 47,000 m2 of office space partially leased to TNK-BP, which uses the building as its headquarters. The sale follows TNK-BP's decision to relocate to the Nordstar tower in the Begovoi neighborhood of Moscow.
C&W was mandated last year to sell the building, which has 28,000 m2 of vacant space.
Promsvyaz is making the purchase in the hope of leasing out the scheme, and discussions are already ongoing with potential tenants. | 
.jpg)
