Owned by the mayor of Moscow “Mosinzhproekt” talks with Chinese CRCC investment in the construction of the tallest residential towers in Europe the tower, One Tower. The construction of the complex on the territory of “Moscow-city” should be completed by 2024. CRCC wants to buy 50% in the project, whose total cost is estimated at 49 billion Chinese state-owned CRCC is negotiating with the “Mosinzhproekt” (belongs Moscow city hall) about investing in the construction of a skyscraper One Tower, told “Kommersant” a source in the real estate market. Information was confirmed by both companies. In the “Mosinzhproekt” said that the decision has been made. Deputy Director of Department on foreign businesses CRCC Real Estate Ivan van says now the company is studying the economic efficiency of construction of One Tower. According to him, with other potential investors “Mosinzhproekt” negotiations does not. In CRCC, the desire to participate in the project explained including its importance to Moscow.About the plans of “Mosinzhproekt” to build a skyscraper in “Moscow-city” it is known in 2015, but the construction of the One Tower began only in 2019. This is the first complex on the territory of “Moscow-city” apartments (in other towers apartments) and the highest residential skyscraper in Europe, said the Deputy General Director of “Mosinzhproekt” albert Tuniev. In April 2020, the architect of the project Sergey Skuratov said that the complex height is 443 m instead of the originally planned 405 m. In the tower area of about 280 thousand square meters, 101 floor, where you intend to place more than 1.6 thousand apartments, an office complex with an area of about 60 thousand square meters, restaurants, cafes and shops, and at an altitude of 400 m will open the observation deck. Construction is scheduled for completion in 2024.Any investors, we were not ornitologi housing in One Tower Mosinzhproekt is preparing to open this fall. The cost of apartments, according to Mr. Sunava will start with 370 thousand rbl. for 1 sq. m. estimated partner of Colliers International Vladimir Sergunina, the proceeds from the sale of apartments in One Tower could reach 100 billion rubles at a cost of 1 sq. m, from 400 thousand to 700 thousand rubles, depending on the floor and other characteristics of housing.One of the interlocutors “Kommersant” in the real estate market said that CRCC wants to purchase 50% of One Tower. Earlier, the Royal albert Tuniev estimated investment in the construction of a skyscraper in 49 bln, Respectively, partners can pay for participation in the project is approximately RUB 24.5 billion part of the construction is to be financed through Bank loans. In particular, the “Mosinzhproekt” negotiated open escrow accounts for real estate investors with the savings Bank.In December, 2019 in the “Mosinzhproekt” said that participation in the construction of One Tower is interested in foreign companies, including French investors. However�� who was then Deputy mayor for urban policy and the construction Marat Khusnullin (now Deputy Prime Minister) then said that the Moscow authorities do not need foreign investment in One Tower. According to Vladimir Sergunina, the involvement of partners could be required to obtain project financing and risk sharing. To get the best terms on the loan, the developer must invest at least 30% equity, or about 16 billion rubles. in the case of One Tower, and some of them can give CRCC, he calculated.The “Mosinzhproekt” is already CRCC joint projects: in September, the parties announced the construction of a 600 thousand square meters of real estate in Kommunarka. In addition, the CRCC acquired from the company 40% in TPU “Michurinskiy Prospekt”. CRCC plans to expand its presence in Russia, told “Kommersant” Ivan van for doing business in the country CRCC Real Estate is preparing to open headquarters in the tower “Federation” in “Moscow-city”. The current economic situation of crisis and pandemic COVID-19, should not affect the company’s plans to invest in the Russian market, said Mr. Wang.Elizaveta Makarova