Dentons real estate team has advised long-standing client Region Group of Companies on the acquisition of the prime office property Mercedes-Benz Plaza, located at Leningradskiy prospect 39A, Moscow.

Mercedes-Benz Plaza has a total area of 16,481.6 sq.m. and is a modern high quality Class A office building used as the headquarters of Mercedes-Benz in Russia. The building is also combined with Daimler’s car dealership for sales of Mercedes-Benz cars. The property has frontage on Leningradskiy prospect, one of the key traffic arteries in Moscow.

Sergey Trakhtenberg, Head of Dentons Russian Real Estate Practice, commented: “We are delighted to have served our long-standing client Region Group of Companies in this landmark acquisition. This transaction is further proof of Dentons’ capabilities to serve its clients at the highest standards on the most complex real estate projects. We also hope that this transaction will serve as an indication of growing activity on the Russian real estate market.”

Anatoly Hodorovskiy, Deputy CEO of Region Investment Company, Group’s official representative commented: “We consider Mercedes-Benz Plaza as a superb quality investment asset. Long-term relations with a prominent and reliable tenant such as Mercedes-Benz provide property with ability to generate a stable long-term cash flow for us and our clients. We will hold Mercedes-Benz Plaza through a mutual investment fund - our traditional and proven investment tool.”