Rostelecom completes the sale of the Central Telegraph building on Nikitsky lane
Moscow, Russia – December 19, 2018 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest digital service provider in Russia, today announces that its subsidiary PJSC Central Telegraph has completed the sale of an office and technological facility, with a total area of 12,000 square meters. The building was constructed in 1978 and is located only 700 meters away from the Moscow Kremlin, between the Nikitsky and Gazetny lanes. The deal value was RUB 2 billion (including VAT).
“The sale of the Central Telegraph on Nikitsky lane is another significant step for Rostelecom, and the entire real-estate market. The sale was completed in line with Rostelecom’s Strategy 2022, and provides great potential for creating additional value for our shareholders”.
Rostelecom’s real estate portfolio currently includes approximately 20,770 facilities with a total area of more than 8.3 million square meters. Almost half of this area is located in Moscow and Saint-Petersburg, and other cities with a population in excess of 100,000 people.