Hals-Development Commences Façade Work in Iskra-Park Urban Quarter
Hals-Development has commenced façade work and installation of translucent structures in the apartment building at the Iskra-Park Urban Quarter. The total façade area in the 10 sections of the building will comprise 37,534,000 sq m. The Quarter’s neoclassical design based on the Soviet art deco style was developed by SPEECH. The residential buildings façades will be decorated with ornaments that are designed individually for each section and echoed in decorations of the entrance lobbies. Patterns of decorative lattices designed by Art. Lebedev Studio will be illustrating the achievements of the USSR during the 1940s-1950s in machine building, power engineering, mining industry, space industry, agriculture and construction.
About the Company:
PJSC Hals-Development is a fast-growing real estate development company that specializes in residential and commercial real estate and controls all stages of a project life cycle, from concept development to further management of finished facilities. The company’s principle shareholder is VTB Bank.
The company is one of the five largest real estate developers in Moscow. The total area of the development projects implemented by Hals-Development is 1.6 million sq m. In 2016 and 2017, the company commissioned seven real estate projects with a total area of about 600,000 sq m: 1st and 2nd stages of the business-class Nasledie Residential Complex, elite Wine House Quarter, Peking Gardens Apartment Complex, IQ-Quarter (International Business Center Moscow-City), and elite Teatralny Dom Quarter.
The total area of real estate under construction in the company’s portfolio is over 800,000 sq m. Four projects are currently under construction: 3rd stage of the business-class Nasledie Complex, multifunctional Iskra-Park Complex, Dostoyanie Residential Complex, and Nevskaya Ratusha project in Saint Petersburg.
The company’s portfolio includes currently operating commercial real estate: SkyLight Business Center, Danilovsky Fort Business Center, Peking Hotel, shopping and entertainment complex Central Kids Store, Kamelia resort complex in Sochi, and other projects in Moscow and other regions of Russia.