Hals-Development Finished Sales in Administrative Office Building of Peking Gardens Quarter


Hals-Development has finalized the sale of 4,130 sq m in the administrative (class A) building in the Peking Gardens Apartment Complex (5 Bolshaya Sadovaya Street, Βld 1). Common areas in the 6-story building come with a high-quality interior finishing, the office space comes in shell & core.

“Hals-Development specializes in high-class residential construction and class A commercial construction. The administrative office building of the Peking Gardens Complex stands in the very center of Moscow, at the intersection of business and transport traffic, and meets every requirement for modern office buildings in terms of its layout, design of its common areas and engineering communications. Today there is an increased demand for high-quality offices in central Moscow, which allowed us to get a good deal for this Peking Gardens building,” says Leonid Kaprov, Senior Vice President of Hals-Development.

The elite Peking Gardens Quarter is located in the adjacent territory of the Peking Hotel. The Quarter includes two residential 13-story buildings with 360 elite apartment suites, and one administrative building. The architectural design of the Quarter was developed by M. V. Posokhin’s Mosproject-2. The complex includes apartments with areas of 60 to 160 sq m. One unique feature of the project is the 32 penthouses with panoramic views of the Kremlin, Christ the Savior Cathedral, the International Business Center Moscow-City and the famous Seven Sisters – the high-rises built between the late 1940s and early 1950s. The Peking Gardens Apartment Complex was commissioned in September 2016. As of today, over 70% of apartments in the complex have been sold.

The elite Peking Gardens Residential Quarter was voted the #1 Elite Real Estate at the annual international Real Estate Market Records Awards 2014.

The portfolio of Hals-Development includes over 600,000 sq m of commercial real estate with various degrees of completion. Some of the company’s largest projects are the operating SkyLight Business Center, the Children Dreamhouse Mall on Lubyanka, the Danilovsky Fort Business Center, and the projects that are currently under construction: the Multipurpose Complex IQ-Quarter in the International Business Center Moscow-City and the office building in the Iskra-Park Urban Quarter.