RD GROUP STARTS TO ACTIVELY EXPAND IN THE RUSSIAN CAPITAL CONSTRUCTION MARKET
One of the biggest players in the Russian commercial real estate market, RD Group Ltd.*, and a well-known player in the Russian office fit-out market, BDG, made a purchase agreement to buy the company specializing in architectural planning and engineering construction and also experienced in project management of office space.
On March 14, 2012, RD Group Ltd. signed the formal agreement to purchase entities of the project and management company OOO ( LLC) BDG, better known under the brand names “Aurora Group“ and “BDGworkfutures Russia & CIS“.
According to the agreement, the managers of BDG, Maxim Neretin, Dmitrij Letov and Pavel Kornilov, will join the board of directors of RD Group. The purchase price is expected to be around USD 17 - 20 million.
One of the aims of this strategic decision of RD Group Ltd. is to strengthen the position of the holding company in the capital construction sector and, above all, in the Moscow metropolitan area. By acquiring a new management structure, the holding company receives a powerful tool for the implementation of major projects for the construction of high quality real estate ventures.
A result of this acquisition is the formation of the largest planning organization with over 100 employees, who will be active exclusively in the Russian capital construction market.
At the moment of transaction, the total amount of orders in the BDG project portfolio was worth over USD 9 million, and the total number of projects implemented by the company in the last 4 years comprised space of more than 600 000 square meters.
Press material provided by BDG.
Picture: Business Center Class A - \\\"Romanov Dvor\\\" - one of the most prestigious projects implemented by RD Group in Russia.
*RD Group is one of the two General Sponsors for Office Next Moscow 2012.