Support The Moscow Times!

Potanin Real Estate Holding

Billionaire Vladimir Potanin created a real estate holding company, ProfEstate, that will invest about $2.5 billion over the next five years, the businessman’s Interros Holding said Tuesday in a statement.

ProfEstate will focus on building infrastructure for the 2014 Winter Olympics, Class A commercial buildings, hotels and suburban properties, Interros said. It will hold Interros’s 42 percent of Open Investments. 

(Bloomberg)


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.