Group of Andrey Birzhin’s companies Glorax Group conducts negotiations with the largest investment groups in China in order to discuss the implementation of joint projects in industry and commercial real estate.
Glorax Group representatives visited China and participated in several meetings with representatives of Chinese business circles. During the meetings the sides discussed possible cooperation in the field of investment in the Russian segment of commercial property (office, warehouse and retail property) as well as the development of cooperation in the field of expansion of industrial materials supply.
The sides have identified priority areas for further expansion of cooperation, and also revealed the most promising points of contact between the business interests.
“A series of talks confirmed the timeliness of the decision to interact with the business community in the Asia-Pacific region. Sides show strong mutual interest and see great opportunities for cooperation. On our part, we are ready to assist foreign partners to enter the Russian market and create a platform for the implementation of projects in Russia”, – said the founder of the Glorax Group, Andrey Birzhin.
Statistics show that China is one of the key players in the global investment market, and Russia remains on the list of priorities. So for the first half of 2017, the volume of investments of Chinese investors in commercial real estate in Moscow is estimated at $ 170 million. Companies and funds from China closed this year a number of large transactions and, thus, was the main and the only foreign investors in the commercial real estate market of the capital since the beginning of 2017.
Compared with the year 2016 the interest of Chinese investors to our country has increased dramatically and keeps the trend moving upward. Experts estimate the potential volume of Chinese investment in industry and commercial property of the Russian Federation at several billion dollars. Also, according to studies, 57% of Chinese companies plan to increase and expand your investment portfolio. Chinese investors are traditionally attracted to the energy sector, metallurgy, commercial real estate, transportation and tourism industry, high technologies.
Glorax Group (http://gloraxgroup.com/ru/) is a group of companies with direct investment fund, created by a Russian investor and Manager Andrey Birzhin in 2014. The group includes Glorax Development company specializing in development of residential complexes, commercial real estate, and also objects of social infrastructure. Ranked in the TOP 10 builders of St. Petersburg. Currently, the portfolio of Glorax Development projects is over 2 million sq. m. Regions: St. Petersburg, Moscow and the Moscow region. Also Glorax Group includes one of the largest Russian factories of electrical insulating materials Elektroizolit, enterprise, infrastructure development, organization of social and innovative orientation.