OREANDA-NEWS. September 21, 2010. Sistema-Hals (LSE, MICEX, RTS: HALS), a major Russian real estate company, announces signing a credit agreement with VTB Bank to finance the completion of the development of an A Class business center on Leningradsky Avenue. Under the terms of the deal VTB Bank will provide the financing up to 5.37 billion of rubles for a period of 4 years.

The GBA of the business center is approximately 110 000 sq.m. The business center will consist of two 27-storey towers joined by 5-storey stylobate. The capacity of an underground parking is 739 spaces. The stylobate will host cafes, restaurants and retail areas. The business center is located on the first line of Leningradsky Avenue - one of the key Moscow's arteries.

The project features a contemporary architectural design. The most advanced engineering and technical concepts are used in the construction. The business center is planned to be completed in 2012.