Renaissance is co-developer of Kola Industrial Park. The project was launched with signing memorandum of cooperation between the Leningrad Region Government and Renaissance Construction jointly with the Tellus Group at the St. Petersburg International Economic Forum in 2013.
The project is strongly supported by supported by the Turkish- Russian Business Advisory Council and the Chamber of Commerce of Ankara.
The total investment is USD450 million, including USD80 million for engineering, infrastructure and transportation. Kola Industrial Park will increase employment opportunities in St. Petersburg and Leningrad Region and create 5,000+ new jobs in the area.
The total area of the Kola Industrial Park plot is 128.7 ha. The gross building area will amount to 650,000 sq. m. The Kola Industrial Park will comprise manufacturing premises (IV-V hazard classes), logistic complexes and warehouses, offices and retail zone. All the necessary survey and design works for the construction of the first-priority facilities have been completed.