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East Real has acted as a broker for the biggest transaction of the year in Saint Petersburg office real estate market. Due to East Real support JetBrains, a world leader in the production of software engineering tools, rented the whole area in a new A-Class business centre located in Universitetskaya Naberezhnaya. Contract with the renter is concluded for 5 years.

The Universe Business Centre built by a Swiss company Bierre Lumiere Holding opened in June 2012. The rentable area of this 6-storeyed building with a mansard roof is 5,200 sq.m. But JetBrains will occupy the area of 6,300 sq.m. including a two-level underground parking for 29 cars and a roofed five-level automated parking for 20 cars attached to the building.

Now the company with 250 employees occupies the area of 2,400 sq.m. The number of JetBrains employees doubled in the last 2 years and the management of the company decided to move to a bigger office. Moving to Universitetskaya Naberezhnaya is planned for the beginning of the next year. By that time renovation of Universe will have been finished and the office will become comfortable, creative and ideally suitable for JetBrains.
The contract concluded is a currency one. The owner of the business centre has also insured himself against the early termination of the contract and preserved the building management and maintenance functions. Details of the new design of the office and financial terms of the contract have not been disclosed yet.