RED Group might be put up to auction
16 April 2012 (09:28)
UrBC was informed that the Yekaterinburg-based RED (Real Estate Development) Group might be soon sold by auction.
This group of companies was set up in 2005 through a merger of a few real estate businesses. RED Group of Companies comprises an investment company, a construction company, and a management company. The group is currently running over twenty projects, the key ones being A Class business centers Palladium, Senate, and President and a Class B+ business center called Galleon.
The company itself denies the possibility of the business being offered for sale.
‘Any rumors of such sort would definitely reach me, but this never happened. I deny this ‘news’,’ RED’s Deputy Director-General Andrei Braude told UrBC.
This group of companies was set up in 2005 through a merger of a few real estate businesses. RED Group of Companies comprises an investment company, a construction company, and a management company. The group is currently running over twenty projects, the key ones being A Class business centers Palladium, Senate, and President and a Class B+ business center called Galleon.
The company itself denies the possibility of the business being offered for sale.
‘Any rumors of such sort would definitely reach me, but this never happened. I deny this ‘news’,’ RED’s Deputy Director-General Andrei Braude told UrBC.
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