Yandex rented space B1 in the Aurora business center near Paveletsky railway station

After coming under the control of local top management, international audit companies operating in Russia began to reduce the area of ​​their offices. These spaces are being transferred to Russian companies. Thus, Yandex occupied 10 thousand square meters. m in the Aurora business center near Paveletsky railway station in Moscow. The IT holding has recently been increasing its staff: in the current year alone, the number of its employees has increased by a third.

IT holding Yandex rented 10 thousand sq. m. m in the Aurora business park near Paveletsky railway station in Moscow. Two sources told Kommersant about this in the real estate market. According to them, these areas were previously occupied by the consulting company B1 (formerly E&Y). Yandex confirmed the fact of the transaction, without specifying details. The owner of the business center O1 Properties declined to comment.

Most likely, B1 abandoned these areas on the initiative of the landlord, who was more interested in consolidating and extending the lease agreement with Yandex, notes a Kommersant source in the real estate market. Yandex premises will be more attractive to future tenants after the lease expires, agrees partner Ricci | Offices” Dmitry Zhidkov.

For these areas, Yandex will pay approximately 330 million rubles. annually, calculated François Nonnenmascher, director of the department for representing the interests of tenants and buyers at Nikoliers.

At the same time, Kommersant’s interlocutor says, B1 will move to another building of Aurora and occupy 6 thousand square meters there. m. The reduction in space may be dictated by business changes after localization and the active work of auditors remotely, believes Ekaterina Belova, head of the office space department at IBC Real Estate. Kirill Babichenko, head of the owner services department of the office real estate department at CORE.XP, believes that one of the reasons for B1’s refusal of space is staff reduction. B1 reported that they remain the anchor tenant in Aurora.

After the departure of international auditing and consulting companies from the Russian Federation, their Russian structures began to reduce the offices they occupied. For example, Business Solutions and Technologies (formerly Deloitte) partially vacated two of the five occupied floors in the White Square business center near the Belorussky railway station. Trust Technologies (formerly PwC) reduced its office in the same office building by half, to 6 thousand square meters. m. And KPMG (now KPMG) back in 2020 subleased 4.5 thousand sq. m. m in the business center “Tower on the Embankment” in “Moscow City” publishing house “Kommersant”.

Yandex has long been an anchor tenant in Aurora and occupies about 33 thousand square meters there. m, several Kommersant interlocutors know.

The company’s headquarters is located in the Red Rose business district near the Park Kultury metro station in the center of Moscow. There the holding occupies 55.7 thousand square meters. m. In addition to these locations, Yandex rents space in Lotte Plaza on Novinsky Boulevard, in the Oko and Neva Towers in Moscow City and the Amalthea business center in Skolkovo. In addition, a business center with a total area of ​​170 thousand square meters is currently being built for the corporation. m on Kosygina Street in the southwest of the capital.

Yandex’s expansion may be dictated by its ever-growing workforce. Over the past year, the number of company employees has grown by almost a third, to 25.7 thousand. The holding’s revenue in July-September of this year according to IFRS increased more than one and a half times year on year, to 204.8 billion rubles. Adjusted net profit decreased by 33%, to RUB 3.4 billion.

At the same time, there has been a revival in the Moscow office market this year. According to Commonwealth Partnership estimates, the volume of transactions in business centers of the capital in January-September of this year increased by 25% year-on-year, to 1.52 million sq. m. m.

Daria Andrianova