Glorax Group Project ‘Golden City’ Recognized as One of the Most Ambitious Projects at MIPIM Exhibition

At last week’s investment forum for MIPIM 2016, the leading real-estate event for property professional, RBC Real Estate selected five of this year’s largest projects submitted to the international community by Russian developers. Among the selection was the Glorax Group Project, ‘Golden City’.

The town-planning concept for the development of the alluvial area on Vasilyevsky Island in St. Petersburg, totaling ​​15 hectares, will be implemented within the boundaries of the Neva Bay and will include a new district of residential, commercial and public facilities. The company is currently working to refine the concept and details of the project planning area. Construction is scheduled to begin in quarter IV of 2016.