At the MIPIM 2011 exhibition, “MonArch” Group of Companies announced two projects
14 / 03 / 2011

At the XXII international real estate exhibition MIPIM-2011, which ended on March 11, “MonArch” Group of Companies presented two capital investment and construction projects.The facilities of the “MonArch” Group of Companies were exhibited at the stand of the Moscow Government and were highly appreciated by the First Deputy Moscow Mayor Vladimir Resin and the Chief Architect of Moscow, Alexander Kuzmin. A 40-story business-class residential building on Veresaeva street and an apart-hotel on Khodynskaya street were presented to the visitors of the exhibition.The house on Veresaeva is being implemented jointly with the Administrative Department of the President of the Russian Federation: 30% of the living space will be dedicated to housing for government employees. The total area of the building will be 70 thousand square meters, of which 333 apartments have 30 thousand square meters. Three-level parking with an area of about 5000 square meters is designed for 505 cars. The project is scheduled to be completed by the end of 2012, and the total investment in it will exceed 3 billion rubles.The apart-hotel on Khodynka is planned to be put into operation at the end of 2013. The symbiosis, which is still unusual for the Russian real estate market, will unite commercial and residential real estate. The project budget will be 2-2.5 billion rubles. The building of variable height (12-37-40 floors) will rise 150 meters above Moscow. The total area of the facility will be 51.5 thousand square meters, of which 302 apartments will have 38.2 thousand square meters, the office part - 5.1 thousand square meters. Three-level underground parking with an area of 8.5 thousand square meters will be designed for 314 cars. “This year the exhibition is more active”, sums up Andrey Monosov, General Director of MonArch Development. "But in general, there is a decrease in the activity of foreign investors, even in comparison with the last year. They have become more careful in choosing development projects. In this context, it was especially pleasant to note the high interest of foreign participants and guests of the exhibition in our facilities.”

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