Commercial Real Estate Development in New Moscow

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On April 2, CRE hosted its traditional CRE First meeting with leading commercial real estate market experts. Ms. Olga Resina, RD Management Chief Commercial Officer, spoke at the meeting.

The panel participants discussed commercial real estate market development in New Moscow. The Comcity office park is one of successful examples of implementation of major projects in new territories.

“The Comcity office park is in the tenants’ demand with its areas primarily accommodating an IT cluster. The first stage of the project, Alpha, will create jobs for eleven thousand people with this value amounting to 40 thousand new jobs by the time the construction is complete,” Ms. Resina commented.

Currently, the construction and commissioning of K-2 Business Park, Neopolis Business Quarter, G-10 Business Park and Kievskoe-22 Logistical Park is underway in New Moscow.

“Combined with development of social and transport infrastructure and opening of two subway stations “Rumyantsevo” and “Salarievo” in June 2015 as well as construction of residential compounds, the project of integrated development of the territories of New Moscow can become quite successful. Still, it will be possible to judge it in ten to 15 years only,” Ms. Resina summarized.

RD MANAGEMENT IN NEW MOSCOW

RD Management entered New Moscow’s real estate market in 2013 after winning the tender for maintenance of the Comcity office park. The company was engaged to manage the total of 200 thousand square meters of office premises. Since 2015, RD Management has been providing facility services to Systematica Company Group, a Comcity tenant.