MSM-5 will become the owner of the part of the project "Soltsegrad"
According to the newspaper Kommersant, the company Novaya Ploshchad will transfer 60% of the share of the project Solntsegrad to MSM-5, which previously was the general contractor.
Currently, Novaya Ploshchad, along with Miel, is an investor in the Solntsegrad project. According to this project, 300 thousand square meters of housing will be built in the city of Balashikha, Moscow Region.
“The general contractor will receive more than 60% and will carry out all further funding, which is more than $ 400 million,” the newspaper quotes the words of the general director of Novaya Ploshchad Denis Semykin.
After MSM-5 joins the project, the share of Novaya Ploshchad and Miel will be only 40%, or about 100 thousand square meters.