Feb 1, 2021 / Russia

PPF Real Estate Russia is No. 12 in Forbes Rating

PPF Real Estate has climbed 11 places to 12th on Forbes rating “Kings of Russian Real Estate-2021”.

Business diversification and effective management during the pandemic ensured high business profitability, which made it possible to take a high place in the well-respected rating.

In 2020, the company continued to develop its projects actively:
  • Launch of Bravo construction phase of the Comcity office park with a total area of 103,000 sq. m, including two office buildings and a Novotel hotel with 150 rooms, as well as homecity residential complex with a total area of 139.000 sq. m;
  • Launch of the construction of a new warehouse in South Gate industrial park with an area of 43,000 sq. m;
  • Signing lease agreements for retail spaces in Nevsky Centre shopping mall for more than 7,500 sq. m. The shopping mall tenants are Azbuka Vkusa, Technopark, as well as Ginza Project’s food hall.