A 42,000 square meter retail facility is planned for the Moscow region, GVA Sawyer said in a statement.
The 12 hectare site is located 51 kilometers east of the Moscow Ring Road on Gorkovskoye Shosse, between Noginsk and Pavlovsky Posad. The project will cost about 1.5 billion rubles to build ($48 million), have a return on investment period of 6.5 years and be complete by the end of the first half of 2014.
According to research by GVA Sawyer, there is pent-up demand for such a facility, with more than 425,000 people living within 30 minutes of the site.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
