Czech residential developer Central Group is looking for expansion opportunities in Russia and is currently in negotiations with a potential Russian partner. The head of Central Group, Dušan Kunovský, claims there is strong demand for modern residential projects in Moscow and other large Russian cities. “Russia is a complicated market, but it has an enormous potential,” he said in a company statement. Rethwall Reality Fund, based in Malta, should co-finance the developer’s eastern expansion.
Central Group sold 1,309 new flats, houses and plots in 2012, an increase of 93 properties y-o-y. Central Group said this is its best result since 2007.
