Foreign investors show strong interest in Moscow property market
Investors from China, Japan, Italy and the United Arab Emirates can take part in construction of hotels, metro and transport hubs (TPU) in Moscow, says the Head of the Department of urban planning policy, Sergey Levkin.
“Throughout this year two companies from Japan contacted us for advise – Toyoko Inn Group, which is engaged in construction of hotels and Nichiro Capital Group, which is ready to carry out reconstruction of Filyovskaya metro line. Arab company Eagle Hills Properties is considering the construction of TPU, the Italian company Itinera and the corporation BUCG from China are interested in construction projects of metro and TPU,” said Sergey Levkin.
He noted that major construction projects, which are carried out at the expense of both domestic and foreign investors is one of the main priorities laid out by the Mayor of Moscow, Sergey Sobyanin.
According to Sergey Levkin, construction of business center Park Huamin on Wilhelm Pick street, 14 which is carrying out by the company Huamin Park, is an example of such projects. The area of the complex will amount to 200 thousand sq. m.
Another example of the successful completion of the investment project is construction of the concert and sports arena (69 thousand sq. m.) as part of the theme park Universal Studios with an area of 150 thousand sq.m. Construction works are carrying out by US companies Universal and AEG.
“Large foreign companies regularly approach the issues of implementation investment projects on the territory of the Russian capital. As a whole, almost 90% of all real estate in Moscow is commissioned by investors,” stressed Sergey Levkin.