President Center to be commissioned in 2013, RED says

‘We are currently on the look-out for the future owner of President Business Center located at the intersection of Boris Yeltsin St. and Chelyuskintsev St. We are aware of the so-called postponed demand brought about by the economic situation at the moment. At the same time, our main goal is to fill the building with tenants,’ RED Management Company’s Marketing & Development Director Vladilen Stolyarov said in the course of a round table discussion on the launch of new business centers in Yekaterinburg.


Now the estimated area of the building comes to about 34,000 sq m; the company declared there would be twenty-two floors in it.


‘Since it belongs to the A Class category, President Business Center is going to have only one proprietor. The negotiations to this extent are already in full swing. To be on the safe side and avoid false hopes, I’d say the center will probably start operating in 2012 or 2013. Our task is to resume the construction process in accordance with the specific demands of a specific investor,’ Stolyarov noted.


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