Azerbaijani businessman to construct 25-storeyed building worth 80 million USD in St. Petersburg

Azerbaijani businessman to construct 25-storeyed building worth 80 million USD in St. Petersburg
# 17 December 2008 15:18 (UTC +04:00)
Baku. Zaur Nurmammadov-APA. “Petrovsky stroitel” Company joining Konrad Group will construct 25-storeyed building worth 80 million USD in northern St-Petersburg, APA reports.
President of the company is one of the leaders of Azerbaijani Diaspora Vagif Mamishov. The project is expected to realize late in 2009. 1.5-hectare territory was rented in Primorski Krai. The company will use new financial system for the first time. Persons, who want to buy apartment will open personal account in Russian Savings Bank and customer will transfer money to bank account. Money will not be transferred to company’s account till conclusion of building. It means that the building will be constructed basing on financial possibilities of the company and allocation of Savings Bank. According to experts, construction of the building on account of the company not customers is a lack of the company in terms of competition.
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THE OPERATION IS BEING PERFORMED