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The former site of the ex-owner of “don-Stroy” Maxim Blazhko area of almost 7 hectares in the North-West of Moscow, where in 2014 it was planned to build a multifunctional complex (IFC) of nearly 270 thousand square meters, may again change the owner. The current owner of the land — owner of O1 Properties Riverstretch is negotiating the sale of an asset with the group “Grenelle”. The deal is worth up to 5.5 billion rubles. will allow the buyer to build on the site of residential complex at 200-220 thousand sq m, generated from the sale of up to 35 billion rubles Cyprus Riverstretch Trading & Investments (major shareholder of O1 Properties developer) talks about building the 6.8 hectares at the intersection of Zvenigorodskoye highway and the 3rd Silicate travel in the North-West of Moscow. This “b” told two sources in the real estate market. According to them, one of the contenders is a group “Grenelle” of Timur Nigmatullina. “Grenelle” is among the ten largest developers of housing in Russia. The group’s portfolio is estimated at 4.5 million sq. m. According to the Unified register of developers, around 1 million sq m is under construction. The main part of the project “Graneli” is located in the suburbs. In “Graneli” and Riverstretch refused to comment on the negotiations.Plot in Silicate journey, a former troubled asset founder of developer company “don-Stroy”, “Northstar development” and “horn development” Maxim Blazhko. To build up its going still “donstroy” in 2007 — then it was assumed that the site will be a residential complex, the investment in which is estimated at $400 million But to agree to the construction only happened in 2014, and not under the original concept. Moscow authorities allowed to build IFC 267 thousand square meters, of which 95 thousand square meters was to occupy the offices, and the remaining square is a shopping and entertainment area. Then the title passed to open company “river tower”, in which 90% interest was controlled by Maxim Blazhko and 10% of Bank “Russian capital”, Finance the project.But the “river tower” was also unable to build the IFC. In 2016, the company has introduced a procedure of observation by the statement of “Russian capital”, which demanded to collect from “river tower” RUB 8 billion In 2018 owned by a company the site was sold for 1.5 bn RUB., the only bidder then became associated with Riverstretch Skadi, OOO. According to interlocutors “Kommersant” at the market, Riverstretch was negotiating the sale of land with a few large developers, “Grenelle” was the last interested party.Partner of Colliers International Vladimir Sergunin estimates the area near Zvenigorod highway in 5-5,5 billion rubles According to his calculations, on-site to construct residential complex at 200-220 thousand sq m, which will require 12-14 billion rubles, and sales will be 30-35 billion rubles, Kommersant’s Source in the market added that the developer hopes to agree on the plot construction��about 400 thousand square meters, but the city is unlikely to approve such a project. Practice Director transaction real estate at PwC Russia Sayan Tsyrenov sure that the construction of the residential complex is the best option. According to him, now to build commercial property on the site is unpromising: in the case of a shopping center, the object would be too high competition (nearby including the shopping center “Aviapark” and TC “Good”), and for large office complex at the site inappropriate location.The “Graneli” already has experience of cooperation with Riverstretch. In March, the newspaper “Vedomosti” reported that the “Grenelle” has acquired the structure of a shareholder of O1 Properties Valery Mikhailov plot with an area of 3.5 hectares on Dubininskaya street, not far from Paveletsky station. It is anticipated that there will be more than 110 thousand sq m of real estate.Elizaveta Makarova