Holding structure


Greenflight will build the accommodations near Chelyabinsk State University

Greenflight will develop the land (50 hectares) on Bratyev Kashirinyh Street that is near Chelyabinsk State University. On March 20, 2012 the Russian Housing Development Foundation (abbr.: RHD Foundation) carried out an auction on the sale of tenant right of this area. The initial price estimated up 493,004,000 rub.

Upon the  auction participation was received only one application – from Greenflight, as the RHD Foundation Press Service reports. According to the auction documentation, the civil construction company as the only auction participant has the right to sign a lease at the initial price not earlier than after 10 days from the protocol signing date. The builder representative confirmed the desire to conclude an agreement about the land lease with RHD Foundation.

According to Greenflight Deputy Chairman Vitaly Sannikov, the housing demand will be also high thanks to the successful location of the land – in the heart of the city, near the Miass River. It is planned to start the project implementation in the second quarter of 2012.

As we have reported earlier, the area will be built up within seven years; a third of the accommodations should correspond to economy class.

Source:  Anastas Mikhaylov, for Domchel.ru

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