Finnish real estate investor Sponda has purchased the Ducat II office property located in the centre of Moscow for $185 mln (EUR 118 mln) from LR Ducat Holding. In a statement, the company said it aims to achieve a net yield of more than 9 % on the asset. The office building lies in a central location close to Red Square and provides about 14,300 m[sup]2[/sup] of A-grade office space as well as 1,300 m[sup]2[/sup] of retail property and parking for 143 vehicles. It is fully-let to several international companies with long-term leases. Built in 1997, Ducat II is part of an office complex, which comprises of three modern office buildings.
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