Glorax Development Invests 2.5 billion Rubles in the Project Implementation in Moscow Region

Glorax Development Invests 2.5 billion Rubles in the Project Implementation in Moscow Region

Glorax Development (part of Andrey Birzhin’s Glorax Group) obtained permit to build a residential complex Olymp in Sergiev Posad District of Moscow Region. It is planned to build comfort-class housing of 60,000 sq. m in area on a land plot with the area of 3.6 Ha. The expected volume of investments in the project implementation will amount to 2.5 billion Rubles.

Olymp is a complex, which consists of 7 solid houses with a variable number of floors (8 to 9 floors). Original project architecture will be complemented by individual design of entrance groups and common facilities. Commercial space for socially important facilities and enterprises is provided on the ground floor. The project implementation will be carried out in three phases. The first buildings will be constructed in the IV quarter of 2018, development of the whole complex will be completed in 2022.

Glorax Group, 2016