📋 Tender Overview
Russian Post is negotiating with VEB.RF on the rental of office space at the VEB Arena site. At a meeting on April 28 2020 the board of directors of the Russian Post approved the draft transaction.It is planned to rent a new office space from 2021 after its repair and decoration which are provided by VEB.RF at its own expense. The total area of leased premises including parking spaces will be about 37000 sq.m. The total transaction price includes all possible payments under the contract including utilities and maintenance services.The need to rent an office is long overdue and is due to the accelerated digital development of the company and the need to improve the working conditions of Post employees. The unification of employees on the same site now distributed over four office buildings will accelerate communication and facilitate the digitalization of business processes of Russian Post which is a key priority and one of the main points of the companys strategy. At the end of 2019 the digital revenue of Russian Post amounted to over 21 billion rubles which almost tripled that of 2018 and the target for 2019.Russian Post is in the process of digital transformation. And this means that hundreds of developers are joining our team. We turn the role of an engineer from the executor of the tasks set by the business blocks he becomes the one who determines the development of the business logic of the company based on the most relevant digital opportunities now. Modern workspace is an important element in creating a digital environment and competitive working conditions. All this is impossible on the Warsaw highway where there has been no repair since its construction in 1979 comments Maxim Akimov Director General of the Russian Post.The Russian Post Office on Warsaw Highway was originally built as an administrative and industrial building. There are few office spaces in it and later part of the production premises converted subsequently to accommodate employees does not meet the minimum comfort requirements. Now a significant percentage of the natural staff turnover experienced by Postal Technologies a structural unit of the Russian Post developing digital solutions is due to the mismatch of office infrastructure with the expectations of employees.The new office will accommodate 3100 employees and this will completely remove the acute question of the shortage of seats for staff. If now the companys central office on Varshavskoye Shosse has 5.6 square meters of total work space per job then on the new site this figure will reach 10.6 square meters.Postal Technologies has already begun the process of improving working conditions for employees the St. Petersburg branch of the company has signed an agreement on moving employees to a more comfortable coworking. A modern office will accelerate the hiring of qualified engineers. In addition in more comfortable conditions on average developers create the best product an addiction well known in the IT industry comments Sergey Emelchenkov deputy director general of Russian Post.In preparing the transaction the Russian Post analyzed all the offers on the market for renting comparable office spaces an area of 30 thousand square meters within the Moscow Ring Road no more than 20-minute walking distance from metro or MCC stations a proposal by VEB.RF for The price parameters were noticeably ahead of alternative scenarios.The Russian Post thanks VEB.RF for the proposed lease terms at a discount from market analogues and for the inclusion in the contract of conditions for the necessary preparation of the building for the postal staff to relocate.Igor Shuvalov Chairman of VEB.RF This decision is one of the areas of strategic partnership between VEB.RF and the Russian Post. VEB.RF as a shareholder in the football club CSKA is interested in its development. The financial model of the club provides for the attraction of a substantial cash flow up to 70 from the lease of premises of an office building at the VEB Arena stadium. We reached an agreement in principle that the Russian Post will become the anchor tenant of the business center which will create a guaranteed cash flow for the club. Russian Post will be able to create a new office space that meets the latest requirements. VEB.RF will substitute financial leverage for the period of repair of premises. In general we are considering closer cooperation to develop the infrastructure and logistics capabilities of the Russian Post as part of its transformation into a technology company.
