February 2023

The first long-term lease agreement of boutique office center

The first long-term lease agreement in the Boutique office center “Passage/Italianskaya, 17” was signed between the invest management company Jensen Group and Vlerick International Business School in late April 2014.


The only campus of Vlerick International Business School in Russia will be located in the Boutique office center “Passage/Italianskaya, 17”, which is owned by an investment fund managed by Jensen Group. The deal was accompanied by international consulting companies Knight Frank and Deloitte. The St. Petersburg campus of Vlerick Business School will begin the next academic year in August 2014 already in new classes.


“The Boutique office center “Passage/Italianskaya, 17” perfectly fits the needs of  Vlerick. The comfortable premises of about 500 sq m leased by the business school are separately located on the 2nd floor of the historical building  in the very center of St. Petersburg, two steps away from the “Gostinny Dvor” and “Nevsky Prospect” subway stations. Efficient floor plans with excellent natural light, designer fit out, modern engineering systems and communications of the Boutique office center “Passage/Italianskaya, 17” will allow Vlerick Business School to create comfortable and ergonomic working area which motivates to an exchange of ideas and new knowledge”,  – commented Dmitry Abramov, Director of Passage and Partner of  Jensen Group.


The total area of the Boutique office center is 8200 sq m. In addition to office premises and service rooms the building includes picturesque recreation areas in two courtyards. A restaurant with a terrace in one of the courtyards will also be connected to the Passage shopping arcade.


Vlerick Business School is a leading international business school founded in Belgium and one of the very few schools having triple international accreditation – EQUIS, AACSB, AMBA. Vlerick ranks 17th among European schools in the Financial Times rating of business educational programs in 2014 and 34th in the global rating. The first Russian campus of the school was opened in St. Petersburg in 2006.


“The education process in Vlerick Business School in St. Petersburg takes place in accordance with international accreditation requirements. Locating campuses in historical parts of European cities is our tradition which helps our students to feel the connection between centuries, to be in the center of cultural and social events, to draw new ideas from the history and the present”, - said Alexander Yanchevsky, Vlerick Business School dean campus St. Petersburg – partner.


Employees of leading Russian and global companies such as AGC, Tele2, Nestle, Lenta hypermarkets, 3M Russia, Ericsson, Cisco Systems and many others study in the St. Petersburg campus of Vlerick.


“Many buildings were viewed as option for the premises of the business school campus. The Boutique office center is perfect due to its location and technical characteristics and floor plans. It is especially noteworthy, that the heads of the school from Belgium personally participated in the selection of new premises as the school pays a lot of attention to the comfort of students”, – said Marina Puzanova, Chief of Commercial Property department of Knight Frank Saint-Petersburg.


Additional information:

The Boutique office center “Passage/Italianskaya, 17” is owned by an investment fund managed by Jensen Group. “Passage/Italianskaya, 17” is a new modern designer business center in a historical building in the prestigious area of St. Petersburg.

Jensen Group is one of the leading investment management companies in the Russian real estate market. For the last 20 years the company has successfully realized many complex investment projects.

Jensen Group currently manages more than U.S.$ 500 million of assets. In addition to several office, residential, retail and warehouse properties, Jensen owns two marquee assets in St. Petersburg: The Passage on Nevsky Prospect and Petrovsky Arsenal. the Jensen Group portfolio of projects has included the “River House” multifunctional complex located on Akademika Pavlova Street in 2013.


 Boutique office center "Passage/Italianskaya, 17"


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