Russian cities are growing high and changing. New buildings of traditional and extraordinary design emerge in the streets showing the new look of old towns. Russian developers don’t miss a chance to take advantage of increasing prices on the real estate market – they expand business, take up new projects and then skim the market. Here are the key players of real estate.

MIRAX GROUP

Federation Tower

MIRAX Group is an international corporation, one of five leading Russian developers. The company focuses on absolutely unique projects never implemented in Russia. Currently the company operates 7 projects with total area of 2 426 thousand square meters on the Russia market as well as abroad. On the whole MIRAX Group can boast numerous construction objects of 12 million m2 area. MIRAX Group was founded by Sergey Polonsky and his partner Artur Kirilenko in 1994 as Stroymontazh. Over the years it turned into a large widely known corporation.

Today MIRAX GROUP comprises of several companies performing in the building industry. The first and the most important of them is MiraxConstruction. It is the core of corporation and the leader in monolithic high-rise construction in Moscow and St. Petersburg. The company performs as a customer investor, and general contractor for the construction of residential buildings, facilities for social purposes and office real estate.

MiraxCity is firstly associated with the tallest building in Europe, one of the towers located on the territory of the International Business Centre, also known as Moscow-City. The 354 meters high Federation tower promises to become one of Moscow’s most prestigious and impressive office buildings.

MiraxService was formed to manage the buildings and the surrounding territory after the projects are completed.

MiraxInvest Implements development projects in Ukraine. The construction of the first site—the multi-functional Mirax-Plaza complex—began on 22 December in the Shevchenko District of Kiev.

MiraxPharma does not act at the building sector, however, is not less significant for the GROUP. The company develops and produces original high-tech medicines for the prevention and treatment of the pre-cancerous state and oncological illnesses of the female reproductive system.

Eurasia Logistics

Eurasia Logistics is the leading developer of class A network of industrial parks in territory of Russia.

The company was established in 2005 to implement logistics projects all over Russia as a subsidiary of Investment Group Eurasia. Today Eurasia Logistics is the nucleus of the group of companies performing the full cycle of construction of class A network of industrial parks.

Eurasia Logistics operates in 14 largest regions of Russia and is ready to enter the markets of Kazakhstan, Ukraine and Turkey.

Since 2007 all industrial parks of the company have been operating under the brand name of GREENGATE. «Eurasia Logistics» is planning to create a network of 28 parks, totaling 9.3 million m2, in Russia, Ukraine, Kazakhstan and Turkey by 2011.

ST Group Region

Founded in 2003 OJSC ST Group Region is the leader of the Russian market of development. One of the main activities of the company is comprehensive development of real estate projects. The company maintains initial analysis of the construction site, market research, works out a detailed business plan, organizes building process, provides necessary quality audit, operates finances, risks and manages further service of the finished buildings.

ST Group Region built, is building and is projecting over 40 real estate objects of 1 000 000 m2 area. The vast majority of the company’s projects are implemented under the leading western architects and have been awarded in Russia and abroad.

Today St Group Region and its subsidiaries carry out building of modern residence buildings and business complexes in the following Russian cities and in the neighboring countries: Moscow, the Moscow region, Rostov-on-Don, Stavropol, Sochi, Lazarevskoye, Krasnodar, Novosibirsk, Nizhny Novgorod, Yalta, etc.

Sistema-Hals

Sistema-Hals was founded in 1994 for the purpose of consolidating and managing AFK Sistema's real estate and construction assets.

Today it is a diversified company operating in the real estate markets of Russia and the CIS.

Its broad range of development services allows the company to operate a clear system of control across the full life cycle of a property, from the conceptual design stage through to management of the completed property.

Over the years Sistema-Hals has successfully completed over 30 projects with a total area of about 300,000 m2. These include the headquarters of DaimlerChrysler, the Hals-Tower office building, the headquarters of the Pipe Metallurgical Company (TMK) and a hotel for the international MaMaison chain (Orco Property Group).

Sistema-Hals was the first Russian real estate development company to list on the Main Market of the London Stock Exchange, raising $432 million through its Initial Public Offering (IPO) in November 2006. The company's shares are also traded on the Moscow Interbank Currency Exchange (MICEX) and the Moscow Stock Exchange. AFK Sistema owns 71.1% of the shares in Sistema-Hals; a further 18% has been listed.

RGI International

RGI International was founded in 2006, but has become one of the most attractive real estate developers on the Moscow market. The projects it implements catch attention of both common people and specialists. Boris Kuzinez, the founder of the company, was one of the first developers to construct modern, Western style buildings in Moscow.

RGI International focuses on high-end prime location residential, office and retail properties, within Moscow and the surrounding areas. Its current projects are mainly located in the area of the Garden Ring of Moscow, a most expensive place for building in the city.

The first completed project Butikovsky office building helped the company to obtain the recognition for its architectural quality.

The Butikovsky Development comprises eight levels, including two underground levels used for parking purposes. The gross internal area of the building is approximately 8,929 square meters, including six floors of office space of approximately 4,200 square meters.

The office building has a reinforced concrete frame, and a monolith-reinforced concrete platform foundation.

Sources:

    www.mirax.ru
    www.ealog.ru
    www.rgi-international.ru
    www.sistema-hals.ru
    www.stregion.ru

Olga Pletneva