23 4. H20 Office Complex Use
Business centre
Ownership
100%
Gross building area (sqm)
10,698
Leasable area (sqm)
8,996
Valuation as at 31.12.2010 (US$)
15,200,000
H2O Office Complex is a Class B business centre located in a dynamically developing business area on the border of Moscow's Central and Southern Administrative Districts. The building was acquired in 2006. It was completely renovated and leased. Â 5. Paveletskaya Office Complex Use
Business park
Ownership
100%
Total area (sqm)
16,512
Leasable area (sqm)
14,035
Valuation as at 31.12.2010 (US$)
21,600,000
The overall Paveletskaya Embankment development comprises 10 centrally located commercial buildings which will be redeveloped into a Class B+ business park and residential complex. Paveletskaya Office Complex is the first phase of the overall development involving a reconstruction of a former printing house facility into an office centre. The complex is fully leased to ZAO GREENATOM, a subsidiary of the State Atomic Energy Corporation, ROSATOM, which lease will roll over a 3 year lease term. Â
 6. Aquamarine Hotel Use Ownership Total area (sqm) Number of rooms
Hotel 100% 11,130 159
Valuation as at 31.12.2010 (US$)
42,800,000
The four-star hotel, which offers a full range of business and leisure facilities, is located in the historical centre of MRVFRZ QHDU WKH .UHPOLQ DQG IRUPV SDUW RI $), 'HYHORSPHQWÂśV PDMRU Ozekovskaya Embankment development, comprising both office and residential property. The Aquamarine Hotel is operated by Africa Israel Hotels Ltd. Since it started operating in 2010, the hotel has achieved occupancy rates of up to 70%. Â
 7. Plaza Spa Hotel Use Ownership
Hotel 50%