Warimpex: Austrians to construct Airportcity in St. Petersburg
In the Russian metropolis of St. Petersburg, the Austrian company Warimpex Finanz- und Beteiligungs AG will develop the business park "Airportcity". Forming a joint venture with St. Petersburg Airport, Warimpex will realize the project on Pulkovo International Airport, the Vienna newspaper Der Standard reports. Within the first stage of construction, around €120mn are to be invested in the construction of a four star hotel operated by an international hotel chain and three office buildings encompassing a total surface area of around 40,000 sqm. For the second stage, the development of further office units providing a rentable surface area of 50,000 to 60,000 sqm is planned.