OREANDA-NEWS. February 29, 2012. The developer Open Investments (OPIN, Otkrytyye Investitsii) has announced plans to launch six development projects worth €240m in total between 2012 and 2016. These will include a 200,000 m2 high-rise residential complex near the Dmitrovskoye highway in the Moscow Province (21 km along the highway from the Moscow Ring Road), three districts of detached houses in the same location and two retail projects – a 30,000 m2 retail park, also near the Dmitrovskoye highway, and a 8,000 m2 shopping centre near the Kievskoye highway.

The developer intends to find co-investors for the projects, whereas OPIN will provide sites, some of the money invested and engineering and transportation infrastructure for the proposed developments. Talks with potential partners are to begin in February 2012.

As Russian Construction Review reported on a previous occasion, high rise construction is something of a novelty for the company, which announced its plans to enter this market only in December 2011.

OPIN was set up in 2002. The company specialises at the construction of office and shopping centres and low rise rural housing. A 72% stake is owned by the Onexim Group investment fund and affiliated entities, and the remaining capital is free floating. OPIN’s revenue for the first six months of 2011 came to €81m.