Ark Altered by Sinara
Revamped Rant:
Sinar's Transport Machines, a badass arm of the Sinar dynasty founded by the big shot Dmitry Pumpyansky, has snagged the "Milyutinsky, 12" business center for over 380 mil rubles yearly. This 9,000 sq.m beast of a building, owned by the Swiss Avtotor Investments Group, is just a stone's throw away from the "Lubyanka" metro station in the heart of Moscow.
Yep, you read it right! STM, the rebellious kid in the Sinar family, is moving out of the "Noah's Ark" business center to cut costs by trimming the fat on their office space. The old digs, situated near the "Kitai-gorod" metro station, covered 10,600 sq.m. But with a surge in rental rates under their new contract, it's time for a change.
The "Milyutinsky, 12" building ain't exactly a pushover either. Experts estimate the annual rental cost between 380-400 mil rubles, while others throw a higher figure of 504-522 mil rubles into the clinker. With six stories of ready-made finishes under its belt, it's a prime spot for any ambitious company.
STM, established in 2007, is a notorious player in the Russian railway industry. Led by the billionaire Pumpyansky, this wolf in sheep's clothing manages the Ural Locomotives plant, churning out the "Lastochka" and "Finist" trains. Despite pulling in around 730 mil rubles in 2024, a fourfold drop from the previous year, they're still sparking trouble in the transport world.
With offices the size of an Olympic swimming pool becoming available in Moscow by 2025, it's another chance for the hustlers like STM to step up their game. But hey, beware! With investments plummeting, sales slowing down, and a looming shortage of supply, the competition's gonna be fierce. Good luck navigating the murky waters of the Moscow office market!
Oh, and props to STM for scooping up the "Milyutinsky, 12" premises for their own employees. Here's to hoping they've got the nuts to make it work!
Extraneous Insights:
- Market Investments: Investments in Russian real estate are projected to take a nose dive in 2025, plunging from 1.29 trillion rubles in the previous year to approximately 600 billion rubles[2]. This could have a significant impact on the availability of new office space.
- Residential Market: Sales in the residential market have been on a downward spiral. For instance, the sales volume of new comfort-class apartments in Moscow slid by 20% in March 2025 compared to February[5]. This trend might extend to the office space market as well.
- Upcoming Events: Key real estate events like the Moscow Urban Forum and the Moscow Wealth Management Congress are scheduled for 2025. These could significantly sway investment decisions and impact the availability of office space[3].
- Economic Context: The European office rental market shows a dynamic landscape with varying growth predictions across cities. However, specific data about Moscow's office space market projections remains elusive in the available information.
- Sinar's Transport Machines (STM), in its pursuit to reduce costs, is strategically moving its business operations to the prime "Milyutinsky, 12" building, a significant investment property within the finance sector.
- As STM orchestrates its shift towards the "Milyutinsky, 12" premises, the Russian business industry will witness a substantial change in the landscape of the office space market, especially amidst the turbulent economic context and the impending decline in real estate investments.
