Russian Railways will auction off the Moscow Towers office complex in Moscow City.

The office complex Moscow Towers, previously acquired by structures of Russian Railways (RZD), will be sold through an open auction. The announcement was made by Deputy CEO Ekaterina Krivosheeva during the conference “RZD Corporate Property: A Resource for Urban Development.”

The asset represents one of the largest corporate real estate acquisitions in Russia in recent years and could become the biggest commercial property transaction of 2026 in Moscow City.

Transaction Parameters

In 2024, the company acquired approximately 360,000 sq m (out of roughly 400,000 sq m of the complex) to accommodate its corporate divisions. The purchase price amounted to RUB 193.1 billion.

Following a government directive, the asset is now being prepared for auction. The proceeds are expected to be used to reduce the company’s debt burden.

• If sold as a single lot, the market value is estimated at RUB 200–230 billion (RUB 570,000–660,000 per sq m).
• A phased block-by-block sale could theoretically generate RUB 280–320 billion, but the process may take 5–8 years and require significant additional costs.
• Market sources indicate that the company aims to secure at least RUB 220 billion from the transaction.

Reasons for the Sale

The decision is linked to portfolio optimization and debt reduction amid large-scale infrastructure investments and modernization projects.

Divesting a major capital asset in Moscow allows the company to unlock liquidity and reallocate financial resources to strategic development priorities.

Impact on the Moscow City Market

The potential transaction may serve as a key benchmark for the real market value of Class A office skyscrapers in Russia.

The entry of a new owner could reshape the balance of power within the business district and further strengthen Moscow City’s position as the country’s primary capital concentration hub.

Other Assets for Sale

In addition to Moscow Towers, the company plans to auction Riga Railway Station, several other properties in Moscow, as well as assets in Krasnodar and Krasnoyarsk, reflecting a broader portfolio restructuring program.

The sale of the complex in Moscow City therefore represents not merely a real estate transaction, but a strategic redistribution of state-owned assets and a test of investor appetite for premium office properties in the Russian capital.