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Russian Real Estate Developers
May 30, 2008 15:38

Rose Group (formerly 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.

Now the company specializes in the development of residential and retail real estate projects in Moscow and surrounding areas. Previously, it specialized in "elite", expensive real estate, but with the start of the implementation of the project "Microcity in the forest" near Moscow, it entered a more democratic segment.

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.

Many buildings are the best examples of Moscow architecture.


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).

In June 2011 the company changed its name to Hals-Development. The company's shares are admitted to trading on the MICEX Stock Exchange. In 2017, the company delisted global depositary receipts on the London Stock Exchange. In July 2020, the company completed the main stages of corporate business restructuring. GK "Hals" unites a group of companies - holders of the constructed assets as part of the closed combined unit investment fund "Development assets" and a number of others.

Potok (former MIRAX GROUP)

MIRAX Group was founded by Sergey Polonsky and his partner Artur Kirilenko in 1994 as Stroymontazh.

Mirax Group has been 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. Now, the main areas of activity are development (residential and commercial real estate), management and sale of real estate in Moscow and abroad. Potok implements its projects in the real estate markets of Russia, Ukraine, France, Cambodia, Montenegro, USA, Switzerland and UK.

Crocus Group  is a Russian holding specializing in the construction and operation of retail and exhibition real estate. One of the largest landlords in the country. The company's assets are estimated at $ 1.7 billion. The headquarters of the company is located in Moscow.

Don-Stroy   is one of the five largest developers in Moscow. It specializes in the construction of business class residential complexes. It is a leader in the construction of high-rise residential buildings. The company has built more than 40 residential complexes with an area of more than 4 million square meters, including the Moscow high-rise "Triumph Palace", which until 2007 was the tallest residential building in Europe  and a residential complex on the banks of the Moskva River "Alye Parusa ".

Morton is a Russian development and construction company. The third largest developer in terms of sales (in square meters of real estate) in Russia in 2012 (after PIK and SU-155). The headquarters of the company is located in Moscow. The company was founded in the 1990s. The owner of the company was its president Alexander Ruchyov. On October 31, 2016, the company was sold to the PIK group, followed by the merger, acquisition and abolition of the Morton brand.

PIK Group specializes in the construction and sale of comfort-class housing, mainly in the segment of industrial housing construction. Since its inception (1994), PIK has built over 27 million square meters of housing, providing apartments for more than 2 million people. The company operates in 9 regions of Russia, with a focus on Moscow and the Moscow region.


Legal advice on Russian legislation


Olga Pletneva (Updated by Anna Dorozhkina)

Tags: Russian business Russian real estate developers    

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