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Abramovich is going to invest US $1 Bln. in Skolkovo Realty Project

Chemrar/ 27 Novem­ber 2013/ — Russ­ian bil­lion­aire Roman Abramovich will invest up to $1 bil­lion in Skolkovo-Park, an exec­u­tive from his invest­ment vehi­cle Mill­house said Tues­day. Mill­house has already invested $400 mil­lion in build­ings located in Skolkovo-Park and is plan­ning to spend up to $1 bil­lion in total, the company’s devel­op­ment head Igor Pyat­i­bra­tov said Tues­day. Skolkovo-Park is real estate and park devel­op­ment located on the edge of Moscow.

It is expected to be com­pleted by 2018 and includes a makeover of Meshch­er­sky Park, new trans­port facil­i­ties, res­i­den­tial build­ings and a large golf course, accord­ing to Mill­house.

Source: http://www.chemrar.ru/eng/i-news/index.php?ELEMENT_ID=17247