Press Release: 28.11.2007
Chalva Tchigirinsky real estate interests to be rolled up under RussianLand
Moscow, 28 November 2007 – RussianLand Ltd, a Jersey-based company, today announced a corporate restructuring whereby all of the real estate interests of Chalva Tchigirinsky will be rolled up under RussianLand. These interests comprise quality development projects in Moscow, St Petersburg and other locations in Russia.
- Contacts
- RussianLand: Urs Haener: +7 495 937 7642
- Brunswick Group: Fiona Laffan/Elena Shalneva: +44 207 404 5959
About RussianLand
Upon completion of the corporate restructuring, RussianLand will be the holding company for a premium real estate development and services group. It will cover all aspects of the value chain of real estate development, from identifying and acquiring prime projects to designing and developing them together with the world’s leading architects and specialists.
RussianLand’s business model is based on a “Best in Class” approach. RussianLand is identifying and acquiring the best locations (prime sites in Moscow and St Petersburg and strategic targets in other Russian regions), developing them with the best quality resources and seeking to maximize risk-adjusted returns through optimal financing and partnerships.
Chalva Tchigirinsky is the principal shareholder of RussianLand. He has been a leading player in the Russian real estate market since 1989. In addition, he is a director and the joint largest shareholder in Sibir Energy Plc, a vertically integrated oil company listed on AIM.