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REC completes technical due diligence of a shopping centre at Novosibirsk

REC Real Estate Consultancy GmbH has completed its first technical due diligence (TDD) of a commercial property in Novosibirsk. Herewith, REC enters the Russian property markets and expands its geographical activities, now operating in Europe, Turkey and Russia. The shopping centre assessed was the Aura Novosibirsk. The client was the Turkish developer and investor Renaissance Gayrimenkul Yatırım. REC performed for Aura Novosibirsk a comprehensive on-site technical and health & safety check based on German and international standards. The Siberian shopping centre is located in Novosibirsk - with 1.5 million inhabitants the third biggest city of Russia. Aura Novosibirsk was opened in March 2011. It has 215 shops on a lettable area of 61,00...[…]