Support The Moscow Times!

Retail Facility Planned for Moscow Region

A 42,000 square meter retail facility is planned for the Moscow region, GVA Sawyer said in a statement.

The 12 hectare site is located 51 kilometers east of the Moscow Ring Road on Gorkovskoye Shosse, between Noginsk and Pavlovsky Posad. The project will cost about 1.5 billion rubles to build ($48 million), have a return on investment period of 6.5 years and be complete by the end of the first half of 2014.

According to research by GVA Sawyer, there is pent-up demand for such a facility, with more than 425,000 people living within 30 minutes of the site.

(MT)

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.