Russian developer Dmitry Zotov, the former shareholder and CEO of the ‘Torgovyj Quartal’ Development Firm, brings a new player onto the Real Estate market. The portfolio of his new company Base Property Group (BPG, www.bp-group.ru), which he established in September, 2011, is only 9% smaller than that of his previous business.
Just like its competitor, Base Property Group specializes in shopping and entertainment centers in Russian regions, and positions itself as a ‘one-stop shop’, offering a broad spectrum of commercial real estate services, from development, and investment, to brokerage and consulting.
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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