By May 5th 2015, developers of the Moscow region had insured their co-investment contractual liability (CCL) for more than 44 bln rubles.
As the regional press-service informed “Construction.ru”, the total area of insured property was 638 thousand m2. A total of 6,000 insurance agreements with 30 organizations were signed.
To remind you, on the 1st of January 2014, Federal Law ?214 and its amendments on participation in co-investment came into force. According to this, developers may make a co-investment contract only if they have insured their obligations towards interest-holders.