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May 23, 2022updated 27 Jul 2022 5:11pm

Top five multi-family housing construction projects that commenced in Russia in Q1 2022

By Carmen

Here are the top five multi-family housing construction projects that commenced in Russia in Q1 2022, according to GlobalData’s construction projects database.

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1. Pyatnitsky Meadows Residential Complex – $673m

The project involves the construction of the Pyatnitsky Meadows residential complex on 108ha of land in Solnechnogorsk, Moscow Oblast.

Construction work started in Q1 2022 and is expected to be completed in Q4 2023.

The project aims to provide better residential facilities in the region.

2. Wave Residential Complex – $373m

The project involves the construction of the Wave Residential Complex on 22ha of land with a gross floor area of 550,000m2 area in Moscow.

Construction work commenced in Q1 2022 and is expected to finish in Q4 2026.

The project aims to provide residential and commercial facilities in the industrial zone of the region.

3. Krasnogorsk Anikeevsky Residential Complex Facility – $364m

The project involves the construction of a comfort-class residential complex on a 557,000m2 area in Krasnogorsk, Moscow region.

Construction work started in Q1 2022 and is forecast to complete in Q1 2024.

The aim of the project is to provide comfort-class residential facilities to the people in the region.

4. Voxhall Residential Complex – $125m

The project involves the construction of the Voxhall residential complex on 2.7ha of land with a gross floor area of 75,000m2 in Central Administrative Okrug (TSAO), Moscow.

Construction work commenced in Q1 2022 and is expected to be completed in Q4 2026.

The purpose of the project is to enhance the residential segment with modern amenities.

5. LesArt Residential Complex – $122m

The project involves the construction of a residential complex in Leningrad.

Construction work started in Q1 2022 and is expected to be completed in Q3 2023.

The aim of the project is to improve the quality of living in the region by providing all facilities at one place.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

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