Volga | Real estate

RBE to sell its development division for $8.3m

14 Dec '09
Samara region-based group Russian Business Estate (RBE) has announced plans to sell its developer Russkaya Stroitelnaya Kompaniya – Samara (Russian Construction Company – Samara), Kommersant reports.

The company with its state contracts portfolio is reportedly to be sold for $8.3m.

The company’s state contracts portfolio since 2006 includes construction of residential complexes in the towns of Kinel and Syzran, a school in Bolshaya Chernigovka, tuberculosis dispensary in Syzran district, as well as reconstruction of Samara regional cardiology health center into a birth hospital for 60 beds, and bank protection in Samara.
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Tags: RBE (23) / Russian Business Estate (2) / Russian Construction Company Samara (0) /

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