Roman Abramovich’s Millhouse company is to invest at least 12 billion rubles in construction on New Holland island after it won a tender Monday.The proposal includes space for offices, apartments, a hotel and art galleries.
Roman´s $86 million Francis Bacon Triptych painting could be on display in his own museum.
The committee in charge of the tender to redevelop the island, situated in the center of the city, opened the envelope containing applications for the reconstruction of the island Thursday. Applications were submitted by two companies: Novaya Gollandiya Development (NGD) and Meridian.
According to the terms and conditions of the tender, applicants had to propose no less than 300 million rubles ($9.7 million) for the right to sign a contract and no less than $300 million to invest in the construction of a multifunctional complex on the 7.8-hectare island. Construction must be completed within seven years.
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Roman Abramovich’s Millhouse to invest $400million in Island off St. Petersburg
Roman Abramovich’s Millhouse company is to invest at least 12 billion rubles in construction on New Holland island after it won a tender Monday.The proposal includes space for offices, apartments, a hotel and art galleries.
Roman´s $86 million Francis Bacon Triptych painting could be on display in his own museum.
The committee in charge of the tender to redevelop the island, situated in the center of the city, opened the envelope containing applications for the reconstruction of the island Thursday. Applications were submitted by two companies: Novaya Gollandiya Development (NGD) and Meridian.
According to the terms and conditions of the tender, applicants had to propose no less than 300 million rubles ($9.7 million) for the right to sign a contract and no less than $300 million to invest in the construction of a multifunctional complex on the 7.8-hectare island. Construction must be completed within seven years.
Continue reading »