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Sun June 20 2021

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T&T lands key role on £10bn Russian housing scheme

30 Jul 13 Turner & Townsend has been chosen by SPb Renovation to assist with the delivery of a £10bn residential construction project in Russia.

The 15-year project takes in 22 sites across St Petersburg, involving the construction of 1,200 new buildings and the redevelopment of more than 900ha.

SPb Renovation is replacing the city’s Soviet-era buildings to create a more modern and sustainable living environment.

The scheme will provide new apartments for 450,000 residents, representing 10% of the population. Turner & Townsend is providing consultancy services for the commercial infrastructure needed to support the new neighbourhoods. It will be offering cost modelling, option appraisal, procurement support and systems development on behalf of SPb Renovation and its development partners throughout the programme’s 15-year period.

Turner & Townsend Russia/CIS managing director Paul Grace said: “We are delighted to be involved in this significant project which will begin with the transformation of a 65 hectare site on the banks of the River Neva, dubbed the Gutenborg project.

“This is one of the largest projects of its kind in Russia and will have a marked benefit on the city’s residents, creating employment in the region as well as establishing the benchmark for comfort class living for its residents. We look forward to the coming years’ progress.”

Arthur Markaryan, General Director, SPb Renovation, said: “We are delighted to have Turner & Townsend as our dedicated commercial management partner for the delivery of this new residential quarter in St Petersburg. The team not only shares our vision but bring an unrivalled depth of experience to the programme.”

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