PSN GROUP TO BUILD OVER 1 MLN SQM OF REAL ESTATE IN GRAYVORONOVO AREA

15/08/2017

PSN Group is already building the SREDA residential quarter at this site. This will bring the total volume of development on Ryazansky Avenue to 1.2 million sqm.

The Urban Development and Land Committee of Moscow City has approved territory layout plan for a portion of the Grayvoronovo No. 56 industrial zone with total area of more than 80 hectares. The site is bounded by Ryazansky Avenue, Novokhokhlovskaya Street, and the Small Railway Ring (Southeast Administrative District). The territory layout plan was developed by the development company PSN Group.

PSN Group owns 34.4 hectares of this territory. It will see construction of more than 594,000 sqm of real estate, including 253,000 sqm of residential properties, public and social facilities along with a developed transport and utility infrastructure. PSN Group is presently developing a portion of this territory as part of the SREDA project. This will bring the total volume of development on Ryazansky Avenue to 1.2 million sqm.

Maxim Gasiev, PSN Group President:

“In the comfort-class segment we have earned a reputation for being a developer focused on integrated development of the territory. We were the first company to unlock the potential of the former industrial zone Grayvoronovo No. 56 by creating the SREDA residential quarter here. As we add new areas for development, total investments can come to $550 million, according to preliminary estimates.”

It will be recalled that PSN Group is currently implementing three comfort-class projects: SREDA, Domashniy, and Grinada with a total footprint of over 62 hectares. In 2016, the company ranked among the top 5 developers by volumes of construction, and among the top 3 retailers by the number of comfort-class flats sold in 2017.

PR Department

PSN Group

+7 (495) 363 2023

pr@psngroup.ru