Focus Companies

Capital Group Self-Finances Development of "Moscow City" Towers

Wednesday, Nov 14, 2012 at 11:25 am in Real Estate
Posted by Olga Loginova, Reporter

Capital Group, one of Russia’s  leading development companies announced  its readiness to self-finance the construction of the  mixed-use OKO project within Moscow City, a new development that will offer high-end spaces designed for luxury living, business and entertainment.  According to the Company’s vice-President Valentina Stanovova, Capital Group has made a deliberate decision not to attract foreign investors into the Project. The information about the total cost of the development has not been released, however, according to Kommersant.ru, it can be estimated at $350-400 million.  

Capital Group’s OKO Project features an 85-storey residential skyscraper and a 49-storey office tower, with the total space of 400 thousand square meters.  The Project is developed by the renowned American architectural bureau SOM (Skidmore, Owings and Merrill), the Main Contractor is the Turkish Ant Yapi Construction Company.  The Complex will be managed by Capex, Capital Group’s managing company.  

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