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. Last Updated: 07/27/2016

Andersen to Move to Aurora

International audit and consulting firm Andersen announced Monday that it will be the first tenant of Aurora Business Park, now under construction on an island opposite the Kremlin.

Andersen, which U.S. media say is in merger talks with rival Big Five accounting firms after its reputation was damaged by revelations over the collapse of U.S. energy giant Enron, has signed a 10-year lease, initially for 6,000 square meters, a statement issued by the company said.

Local developer Center for International Exchanges and Development is scheduled to complete the first phase of the project and begin finishing the business park's interior at the end of 2002, the statement said. The complex at 82 Sadovnicheskaya Ulitsa near the Baltschug Kempinski Hotel will eventually cover 80,000 square meters in 13 planned buildings.

Andersen is moving upriver from Riverside Towers, where it has been an anchor tenant since 1996.

Hans Jochum Horn, managing partner for Andersen in the Commonwealth of Independent States, said the initial lease through 2013 includes options to double the space leased and even to buy the building.

"Our practice in Russia is expanding. With more than 550 people now in our Moscow office, we have outgrown our current office space," the statement quoted him as saying. "As the anchor tenant in Aurora, we will be working with the CIED to ensure its place is the highest quality."