(Source: Real Estate Channel)
The Russian oil-rich government is actively seeking investors for the construction of numerous real estate properties in Sochi – the capital of a future Winter Olympic Games 2014.
The Russian media says that almost a third of all commercial buildings, planned for Sochi Olympics, could be built by private investors from Russia and foreign countries. An interest to take part in the project has already been expressed by the world’s developers from the U.S. and China, as well as the largest international hotel operators.
Read Michael Gerrity’s full article “World’s Largest Developers, Investors Target Sochi’s 2014 Winter Olympics $12.58 Billion Construction Bonanza” in the Real Estate Channel.