Wednesday, June 1, 2011

Inteko sell a piece of Moscow City

Who will Offices and Wedding Palace? At the moment, is the planned completion of the deal to sell 50% of the project the complex area of ??169 thousand square meters, which will include a spacious area, underground parking and space for retail and office, as well as the Moscow Wedding Palace. The object will be placed next to the transition of "Bagration" in the Moscow City. On behalf of the company Elena Baturina 50% of LLC "City Palace" will be sold to OOO "Snegiri", which has, in turn, is related to the owner of the Magnitogorsk Metallurgical Plant Viktor Rashnikov, according to Vedomosti. Transaction for the sale started about six months ago and is currently on a closing stage. Approximate price of the share is still unknown, but it could be worth $ 35-40 million Meanwhile, the mood Inteko could spoil the solution of the new Mayor of Moscow, Sergei Sobyanin, which reversed the order predecessor, allowing the construction of Setun Hills. " The whole thing was a plot of land. Inteko conducting proceedings in court, challenging its right to the territory with the Property Management Agency. Official authorities insist that in 1993 this land was set aside for the construction of foreign diplomatic missions.

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