SRV signed Project Management Contract Worth 100 Million Euros for Construction of Shopping Center in Saint Petersburg
SRV Group Plc Stock Exchange Release 28 January 2011 8.15 a.m. EETPearl Plaza LLC, the joint venture of SRV and Shanghai Industrial Investment (Holdings) Co Ltd, has concluded the investment decision on construction of the first phase of the shopping center in Saint Petersburg, Russia. The sum of investment is about 130 million Euros. At the same time SRV Development LLC, the Russian subsidiary company of SRV Group, has signed the Project Management contract for the construction works of the first phase of the project. The PM contract is worth about 100 million Euros. Financing of