Technopolis Plc: Technopolis Getting New Deal for Pulkovo
TECHNOPOLIS PLC STOCK EXCHANGE RELEASE December 30, 2010 at 13:15
Technopolis Getting New Deal for Pulkovo
Technopolis has signed a letter of intent (LOI) with Schneider Electric that will make it the third anchor tenant for the company’s Pulkovo technology center in St. Petersburg. The contractual procedure will proceed in phases from the LOI to a preliminary agreement and finally a lease.
The final 5-year lease is expected to be signed in the first quarter of 2011. This agreement includes an exit clause that allows the client to terminate by paying penalties. The agreement with Schneider will cover about 1,000 square meters as well as variety of services. When the final lease is signed, the pre-let rate for Technopolis Pulkovo will increase to approximately 65 %.
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