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$360 apartment complexes to be built near Red Square in Moscow

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$360 apartment complexes to be built near Red Square in Moscow

Three trophy club projects with a hotel management might be realized near Red Square in Moscow.


The total amount of investments will be about $360 m, a managing partner of Savills consulting group, Dmitry Khalin, told reporters on Tuesday.

Investor is to allocate approximately $120 m to each of the projects, pointed out Dmitry Khalin.

According to him, the start of the projects implementation is scheduled for the end of 2016 – the beginning of 2017.

15 apartments are planned to be included in each project. The building’s residents will have an opportunity to exploit a hotel infrastructure.

We should remind you that the Kremlin and Red square were recognized as a UNESCO World Heritage Site on the grounds of their links to history of Russia.

$360 apartment complexes to be built near Red Square in Moscow

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