Two leading Russian news agencies – Interfax and RIA Novosti – published reports on the plans of RD Group to invest approximately €50 million in Spain’s southern coastal area of Costa del Sol as well as the country’s capital Madrid.
Interfax writes that a delegation led by Roman Tkachenko studied potential construction sites and reached an agreement to enter the Spanish real estate market through talks with regional authorities, including the President of the Community of Madrid Ignacio González
The negotiations led to agreements on strategic cooperation between the parties and RD Group’s involvement in the development of the real estate market of Spain. The plans foresee investment by RD Group of €50 million in the development of commercial and residential properties in the country. The key target areas for investment are the Costa del Sol region in the south of Spain and Madrid.
RIA Novosti reports that RD Group is currently in negotiations for the purchase of a piece of land of approximately 10,000 square meters in the coastal zone of Marbella in Costa del Sol for the construction of a high-class hotel and premium-class apartments along with the development of associated infrastructure. In total the complex will total approximately 20,000 square meters.
RD Group is also in talks over the purchase of a 1.7 ha piece of land in the mountainous area of Marbella, where the development group intends to create fashionable villas. The project plans include no less than 7 villas of 2,000 square meters each.