Development

Hermitage Director Urges Gazprom to Scrap Skyscraper Plan in St. Petersburg

Gazprom Tower. Project: Herzog & De Meuron Architekten AG

One of Russia’s most respected cultural custodians yesterday urged gas giant OAO Gazprom to drop its plans to build a 300-metre-high skyscraper in St. Petersburg’s historic centre.

Popularity: 18% [?]

November 28, 2006

Moscow Property Developer Seeks Up to $182 Million in IPO

RGI International Ltd., a Moscow property developer part-owned by a Morgan Stanley fund, is seeking to raise as much as $182 million in an initial share sale to tap rising demand for real estate in Russia’s capital, according to Bloomberg.

Popularity: 8% [?]