Roman Tkachenko, Head of the Representative Office of RD Group in Russia, spoke to magazine CRE about the construction of an elite club residential development on the coast of Spain, the re-conception of the Dream House shopping center in the Moscow region and the purchase of new assets in Moscow.
The magazine CRE published a report on the “survival” strategies of leading developers. In his interview with the publication, Roman Tkachenko underscored that RD Group will remain focused on implement current projects and developing existing properties.
“The holding is actively developing projects to renew the concept of the premium-class shopping center Dream House in the Moscow suburb Barvikha and to build a club with fashionable villas in Marbella on the coast of Spain,” Tkachenko said.
Spain is the second European country after Luxembourg where RD Group is now implementing projects. In 2014 RD Group acquired a land parcel of 15,000 in a hilly area of Marbella for the construction of 7 villas with unparalleled views of the sea and surrounding mountains. The construction of the club residential development is expected to be completed in 2017.
A crisis is a time for acquiring new assets and expanding market share.
“Right now RD Group has taken a wait-and-see position: we are attentively studying commercial properties and land in the Moscow market,” comments Roman Tkachenko. “We don’t rule out the possibility of acquiring in the second half of 2015 Class A properties with potential for growth in value.”
You can find the complete article in the February 2015 issue of CRE (No.247).