FAS Russia granted the Dutch company Trigon II BV the purchase via Cypriot Nundina Ltd of 100% of OOO "Skolkovo Gate". As Construction.ru was told today by the press service of the antimonopoly department, Trigon II B.V. has entered into a PPF group which plans construction in Skolkovo of a housing estate with buildings of no more than two floors with multipurpose infrastructure. The value of land in Skolkovo has fallen greatly over the past year because demand has fallen, and because of the ruble exchange rate.
"For the PPF, with access to western financing and income in euro, this transaction ccould be very favorable", Geo Development's CEO, Maxim Leshchev, believes.
