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K.A.N. Development begins construction of 54-floor building in Kiev


2010-03-05

K.A.N. Development has begun construction work on a 54-floor hotel and office complex in Kiev which will become one of the tallest buildings in the capital.
The project is thought to be worth €198m and is expected to take 4.5 years to complete. It will take up 292,000 m² and will consist of two towers containing a hotel, office facilities and parking for 1,200 cars. The hotel section of the project is expected to be completed by 2012 in time for the Euro-2012 European football championship.
K.A.N. Development was founded in 2001. The company’s implemented projects include the Parkove Misto residential complex, the Dominant business centre and the Arena Entertainment complex, all in Kiev. Russian Construction Review reported recently that in April 2010 the company intends to begin the construction of the Lybid Plaza retail and recreation centre, also in the capital.

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Construction Russia Online is the authoritative source of market intelligence for construction professionals. Reporting on news from the Russian construction market, including contractors & developers, building materials, real estate, planned investments and Ukraine construction market, this news service offers approx. 100 industry news items and features each month. Archives date from 2006, with articles covering both residential and non-residential developments, as well as civil projects.
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Each biweekly newsletter delivers key market news and just-released statistical data to provide you an overview of the market and of events affecting it, concise information on the legislative environment, company news, and insight into the individual segments of the industry and on planned investments. In one place, you will have current statistics on the national and regional construction markets of the Russian Federation, information on output of key construction materials as well as of the construction industry, macroeconomic indicators, and a glimpse at the most relevant statistics on Ukraine and Kazakhstan.
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