MEDIA-Ex-wife of Rosneft boss aims to revive posh real estate project -Kommersant
July 14 (Reuters) -
* Marina Sechina, the former wife of Rosneft boss Igor Sechin, aims to complete the construction of a prestigious apartment complex in the west of Moscow, which was left unfinished by Mirax Group majority owned by fugitive real estate tycoon Sergei Polonsky, writes the Kommersant business daily.
* The posh Triumfalny complex, popularly known as "The Kutuzov mile", may need an investment of around 25 billion roubles ($392.40 million) to be completed, the daily writes.
* The project was hit by the global financial crisis in 2008-09. Polonsky, who had fled abroad, was deported from Cambodia to Russia last year and is now facing embezzlement charges after evading Russian law enforcement officials for nearly two years.
* Despite the outstanding commitments to the city of Moscow, the project is still economically viable and may yield a net profit of around 5 billion roubles, the Kommersant quotes a market player as saying.
* The daily could not reach Sechina for comment. -- Source link: http://www.kommersant.ru/doc/3037527 -- Note (Stockholm: NOTE.ST - news) : Reuters has not verified this story and does not vouch for its accuracy. ($1 = 63.7097 roubles) (Reporting by Moscow newsroom)