Moskva-City Lot Sold

By The Moscow Times

Dec. 12, 2011

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.

(MT)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue