Large Turkish construction companies have expressed interest
in taking part in land auctions of Russian Housing Development Foundation
(RHD), located in different regions including Moscow, Novosibirsk, St.
Petersburg and Primorsky Krai.
The representatives of leading Turkish companies met the
management team of RHD Foundation under the leadership of Foundation’s CEO
Alexander Braverman. During the meeting both sides comprehensively
discussed the implementation of integrated development projects on Foundation’s
land.
The likely partners discussed the potential of mutual
collaboration in housing and other construction industries. The representatives
of RHD Foundation briefed the Turkish businessmen about the advantages of
investing in the housing project, building industry and other development
projects in Russian territories.
The cooperation between RHD Foundation and Turkish companies
has witnessed a dynamic development in the recent years. At the MIPIM 2013
Exhibition, a Memorandum of Understanding (MOU) was signed between RHD
Foundation and a leading Turkish construction company. Turkish bank ISbank and
several companies including Eroglu, Yenigun and Agaoglu are keen to participate
in RHD Foundation’s auction.
Alexander Braverman said currently the RHD Foundation is
planning to auction 33 plots of land in Russian regions. He said the portfolio
of projects implemented in Foundation’s area is currently at 16 million square
meters and overall there are 103 projects in 38 regions of the country.
RHD Foundation head further said that the Turkish companies
have great experience, particularly in the construction sector, which is
largely in demand in Russia.
“We are interested in cooperation with Turkish companies in
the financial sector, namely, the Turkish banks. A comprehensive approach to a
site development fund is priority for us “, he said, adding the Foundation is
looking forward to working with investors from more countries.
For more information on the global property market, head
to MIPIM 2014 at Cannes. Contact EAS
for the best in high quality hotels in MIPIM 2014, marketing and event management. For
further information, click here.