Central regions | Real estate

Torgoviy Kvartal to invest $36m in SunMart mall in Kaluga

14 Jun '11
Developer Torgoviy Kvartal intends to invest $36m in reconstruction of and development of SunMart mall in Kaluga, Interfax reports.

The company purchased the mall in April 2011.

To date, the first of the three launch complexes of the mall has been commissioned. Only 40% of the commissioned premises is being used.

The investor intends to start reconstruction in June 2011, when construction of the second 30,000-square-meter launch complex is to take off.

Further project parameters have yet to be disclosed.
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