Russian Developer to Build 2 Skyscrapers in Paris

Russia’s Hermitage Construction Management Group will build two skyscrapers in Paris with a 323 meter height each for over two billion euros, the Kommersant business newspaper reported on Tuesday, quoting the company’s owner Emin Iskenderov.

The two buildings, which will be constructed in city’s major business district La Defense by 2017, will be lower the Eiffel Tower by only seven meters.

The overall square area will amount to 280,000 square meters, including apartments at 160,000 square meters, offices at 30,000 square meters, a trade center at 40,000 square meters and a hotel at 35,000 square meters. The company will also build 130 rooms for students in the towers as social obligations.

Iskenderov also told the paper that Hermitage had already invested about 200 million euros in the project and planned to attract banking loans worth a total of 700 million euros, as well as one billion euros expected from apartment sales.


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