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Real Estate Quarterly

24.01.2007 00:54 Вторичка

Since its inception in 1991, the Russian real estate market has built up from the most basic products of individual office and retail space, to now include the more complex formats of mixed-use developments, as newer real estate products are being created on the market. Hotels are prominent in the mix of uses as the hospitality market in Russia continues its complete transformation.

True to the Russian style of extremes, mixed-use projects being introduced in Moscow include:

  • the Federation Tower, being built as Europe’s tallest building and containing space for offices, a Park Hyatt hotel, serviced apartments, and permanent residences,
  • urban low-rise projects, of office, retail entertainment and hotel (Crocus Complex),
  • suburban developments with luxury homes, sports facilities recreational amenities and hotel (Rublovskoye Shosse).
Developers in Russia began with the simple mix of retail and office spaces (Europa House), and have now progressed to large “city-within-a-city” complexes aimed to provide comfortable conditions for living, working, recreation and entertainment. Hospitality components are now included in both the urban and suburban type developments...

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