Moscow, 6 November 2007 - CB Richard Ellis Group Inc. has advised Wells Real Estate Investment Trust II, a €2.7 billion U.S. office REIT, on its first international investment – a nine-story, Class-A tower under construction in a fast-growing business district in Moscow, Russia.
CBRE negotiated a joint venture between Wells REIT II and Russian developer Moscow Office Real Estate (MORE) Co., to buy Tower B at Dvintsev Business Center, a three-building complex under construction near the Third Ring beltway. The area, just six kilometres (3.7 miles) north of the Kremlin, has become a popular location for international companies.
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