Leading Russian realty business inaugurates office

Russia ’s leading real estate business, Mirax Group, officially opened its representative office in Hanoi and received a licence for its first investment in Vietnam on August 11.

Under the license, the group will invest 200 million USD in a 300-room five-star hotel and 100 villas on the Cam Ranh peninsular of central Khanh Hoa province.

A deputy chairman of the group said the opening of the representative office in Vietnam is Mirax’s first step in its plan to get involved in property development in Southeast Asia .

Founded in 1994, Mirax is one of the five largest groups of its kind in Russia . It is carrying out projects in Ukraine , France , Turkey , Cambodia , the US and Switzerland .

In Russia , it has built the 432-metre Federation, the tallest building in Europe.

VNN

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