The Agreement for implementation of this project was signed by the representatives of the municipality and LLC "City Mall Development" at the International Сommercial Real Estate Exhibition in Cannes (France) in the year 2011.
As of today, the construction of a three-level shopping and entertainment complex has been completed and the works for improvement of the adjacent territory are under way now. It is planned to be put into operation by the end of 2015.
"BB Passage" is located in downtown Novorossiysk. Upon the implementation of this project, a total of 5.000 sq.m. of commercial real estate will be commissioned.
Cumulative investment amount into this project equals 650 million rubles. It is expected that the launch of the facility will enable to create 120 new workplaces.
Source: Investment portal of Krasnodar region