Pavel Te

20 марта 2017

Capital Group to Complete SU-155’s Residential Construction at Kalibrovsky Factory Site


Capital Group has purchased the former site of the Kalibr Factory in the northeastern part of Moscow, originally intended for residential development by Mikhail Balakin’s infamous SU-155 Group. The latter had sold 167 apartments in the new housing development for a total of nearly 1 billion rubles without obtaining the mandatory permits or securing the land rights. Now Capital Group will have to invest an estimated 13.8 billion rubles to complete the construction project.

Read the full interview here.

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