Support The Moscow Times!

Moskva-City Lot Sold

The co-owners of the Hotel Ukraina and Yevropeisky shopping center God Nisanov and Zarakh Iliyev have purchased a lot in Moskva-City where a municipal administrative complex was previously planned for construction, Vedomosti reported last week.

The lot is approximately 2 hectares and contains an unfinished building of 11,000 square meters. Nisanov bid personally in an auction against one competitor and won on the first bid of 7.2 billion rubles ($229 million).

Nadezhda Spiridonova, a spokeswoman for the businessmen, said they intended to invest about $500 million in a mixed-use complex on the site, where a 70-story building to house City Duma offices was set to rise. Mayor Sergei Sobyanin canceled that project after he assumed office.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.