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15.01.2010  
Inflation
                      0.7% . 0%
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Oil Brent (ICE)         71.62
                          USD/ barrel
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Tula Riviera City-Park

Short overview
Region
City/town
Tula
Project description
The concept of Tula Riviera a city within a city implies comprehensive urban development on a territory of more than 600 hectares under a single master plan. The land plot is in the immediate vicinity of Tula's historic center. Project core: Business City an island built atop an artificial platform. The project envisions a modern exhibition complex, golf club, amusement park, and sports arena. The residential development zone comprises 4 communities with a total dwelling space of more than 1.2 million sq.m. The project's commercial appeal is due to its proximity to the city's historic center, unique strategic situation, and 60 hectares of water bodies.
Unique features of the project
Construction of an international exhibition center is planned as part of the project. The expo center will become a permanent exhibition of armaments by Tula-based manufacturers and a center for cooperation and business communication of armament makers from all over the world.
Estimated cost of the investment project (Euros)
1 667 000 000 (without service lines and infrastructure)
Shareholders' own resources (%)
40
Borrowed resources (%)
60
Availability of design estimates (yes or no)
no
Company name
Expert Group Ltd
E-mail
77777771973@bk.ru
Type of the project
Real Estate. Construction
Detail overview
GENERAL INFORMATION
Region
Company name
Expert Group Ltd
Municipality, City, District
Leninsky District
Brief positioning of project
Strategic geographical position of Tula Region from the standpoint of its connection to federal transport corridors, its huge historical and cultural heritage, rich industrial, intellectual and scientific potential create preconditions for development of the region, realization of massive investment projects having innovative character. One of such projects is the project of development of more than 600 ha within the scope of a single concept, Tula Riviera City Park. The concept of Tula Riviera is a city within the city which is planned to be erected in eastern part of the city, on the border of two municipalities: Tula and Leninsky District, provides complex development of the territory within the scope of master plans of development of Tula Region. Uniqueness of the project consists in its scale and novelty of its format. The lot for development lies in immediate proximity from the historical center of Tula and adjoins river bank of Upa, water and plant diameter of the city. A nucleus of the project is Business City, a business centre, the island erected on an artificial platform with the size about 10 ha, where a retail - park will be placed, office and congress centers, a hotel complex. The planned modern exhibition center as well as various entertainment objects (golf club, theme park, water park), sports structures (sports palace, ice palace), city embankment, other recreational areas taking up the area over 150 ha, will allow to provide Tula inhabitants and city guests with modern high-quality conditions for rest and entertainment. The housing development under the project consists of four neighborhoods, with total area over 1 million sq. m. Neighborhoods are situated along a reservoir by using the scheme of ring radial accommodation around the business centre, the Business City. The project provides conditions for construction of different segments of the residential real property: budget (high-rise) and business class housing, and cottages. The shopping and business area is located along the main trunk road, the Eastern Bypass, a traffic artery connecting Proletarsky and Central districts of the city. The project provides erection of a Shopping and Recreation Center for family visiting with leisure components, office centers with the area over 500 000 sq. m, allowing to satisfy the needs not only of the City Park, but also of the whole region. In the scope of the project, erection of the first pilot object, the shopping and entertainment center with the area of 100 000 sq. m, has already begun. Commercial attractiveness of the project is caused by its proximity to historical downtown, Tula Kremlin (2 km.), a unique strategic location of the land plot connecting the largest district of Tula, Proletarsky, with the downtown, southern and eastern directions, transport accessibility from main transport arteries of the city, availability of a water basin (60 ha), and opportunity of complex site development. High urban planning value of the territory determines the town-planning concept of City Park development as a finished ensemble and complete social organism. In the scope of project implementation, construction of an international exhibition center is planned where product expositions of military-industrial complex of Russia will be presented. The exhibition center will be a constantly operating exhibition of weapon of the Russian (Tula) manufacturers, the center of cooperation and business dialogue of weapon manufacturers from all over the world.
PLOT
Enterprise (organization) name owner name
OOO Expert Group
Telephone
+7 (4872) 39-23-21
e-mail
77777771973@bk.ru
ECONOMIC INDICATORS
Indicator
60 billion rubles (estimate value of the investment project, without communications and infrastructure).
Shareholders' own resources (%)
40
Borrowed resources (%)
60

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