Moscow development projects reach 180 million m² of investment potential (RU)

Moscow aims to attract Russian and foreign investors to implement priority urban projects with the mid-term real estate potential of about 180 mln m².
This information was revealed in the speech, given by Marat Khusnullin, the Deputy Mayor of Moscow for Urban Planning Policy and Construction, at the IV Moscow Urban Forum. According to Mr. Khusnullin, the city is interested in implementing investment projects in four areas – New Moscow, transportation infrastructure, industrial zones and the Moscow River.
The Deputy Mayor Marat Khusnullin took part in the “Moscow Spatial Strategy: Principles and Opportunities” session at the IV Moscow Urban Forum. During the discussion of the territorial planning of the Russian capital, it was noted that the main direction of Moscow’s growth lies with the urban development projects, which are the major areas of growth. In the last few years we have focused on developing four key areas in the field of urban and spatial development of Moscow. They are: the development of transportation infrastructure, strategic approach to the city center development, polycentric development and development of the depressed areas, including industrial zones. These goals helped us to implement large-scale urban projects and opened up new opportunities for investors in Moscow.
In the next 5–10 years, the Moscow City Council may issue a permit for the construction of about 180 million m² of real estate. In order to implement these projects, we plan to use state budget funds, private domestic investments, as well as build partnerships with investors from China, Asia and the Middle East. In return, the Moscow government is ready to provide the most favorable investment climate and individual approach to those who are interested in developing Moscow.”
Moscow’s transformation into a polycentric metropolis is currently the main investment priority. At present, the total area of the industrial zones within the boundaries of Moscow is about 18 thousand hectares. Over 50 mln m² of real estate can appear on the 4,000 hectares of industrial areas, which will be fully reorganized and redeveloped. The implementation of projects with the potential of 4 mln m² of real estate have already started along with the improvement of their transport accessibility, which meets the interests of both the city residents and potential investors.
Source: Finsbury