OREANDA-NEWS. Rose Group and Sberbank CIB have signed a strategic partnership agreement at international real estate show MIPIM 2014. In accordance with this agreement, developer company Rose Group has agreed to form a strategic partnership with Sberbank CIB for providing financing, including up to RUB 20 bln for the construction of stages 3-7 of its flagship project “Microcity “V lesu”.

Together with Sberbank CIB, Rose Group has been implementing the project to construct comfort-class residential project “Microcity “V lesu” on Pyatnitskoye Highway in the Moscow Region district of Krasnogorsk since 2011. Construction of the first stage of the project has been successfully completed and permission has been received to commission three buildings. Rose Group is currently constructing the second stage of the project.

The annual MIPIM show, which in 2014 is being held for the twenty-fifth time, is one of the most high-profile international real estate events.