At the crossroads of Lukashevich and Dianov in Omsk, telecommunications corporation "Rostelecom" is offering a five-story commercial building for sale.
A multi-storey office building, situated at 4 Lukashovicha Street in Omsk's Kirovsky District, is currently up for sale. The property's owner, Rostelecom—a prominent Russian internet provider—has set an initial asking price of 150 million rubles.
The building, which occupies an area of 4,590 sq.m. and stands on a land plot of 4,300 sq.m., was constructed in 1977 and comprises five floors, including a basement. Presently, the property is in satisfactory condition. Notably, the land plot is leased to the organization until 2059.
The sale announcement on Avito specifies a unique condition: the buyer must grant Rostelecom a lease of 1,740 sq.m. for accommodating and operating its communication equipment. The lease agreement between Rostelecom and PAO "Rostelecom" will remain valid for two years.
In essence, despite the sale, Rostelecom aims to continue its presence in the building, creating what's known as a reverse lease or leaseback situation, common in telecommunications to secure critical infrastructure. The proposed sale likely stems from asset optimization, freeing up capital, or a focus on core business activities while ensuring operational necessities.
Potential buyers can anticipate acquiring a revenue-generating asset, benefiting from a long-term tenant like Rostelecom, which guarantees stable rental income. Moreover, opportunities exist for using the remaining space for offices, retail, or other commercial purposes, depending on zoning restrictions and the buyer's plans.
Rostelecom, in turn, will safeguard network reliability by retaining the rights to maintain and operate essential communication equipment within the building. In the event of future business needs, the provider may consider relocating equipment, but only upon finding alternative suitable sites.
The commercial property market in Omsk exhibits fluctuations; however, a building leased to a stable tenant like Rostelecom should attract investors or other businesses desiring a regional presence. Furthermore, the sale and leaseback must comply with Russian real estate and telecom regulations, especially concerning critical infrastructure.
The sale process may span several months, subject to market conditions. Operational continuity is assured for Rostelecom throughout this period. Depending on the buyer's plans, renovations, rebranding, or changes to property usage may take place, albeit Rostelecom's lease remains a constant element of the building's function for the foreseeable future.
I'm not sure if investing in this real-estate property would be a wise decision, considering the uncertainty of the commercial market in Omsk. However, the long-term lease with Rostelecom, a well-established organization in the finance and telecommunications sector, could potentially guarantee stable income from the building.
