RGI Intl granted approval for Moscow pre-school

RGI International, the AIM-listed developer of residential and retail properties in and around Moscow, has been given the go-ahead by the state to construct a kindergarten in the in the Krasnagorsk Region, near Mitino.

The 3,690 square metre pre-school building is part of phase one of the residential project Micro city 'V Lesu', "the best product currently on the market," according to RGI's Chief Executive Officer Andrey Nesterenko.

"Now that we are able to start construction of the kindergarten we can continue to create a modern European residential complex. We are pleased that when people start to move in to Lesu, they will already be able to send their children to a fully-fledged kindergarten, where children will not only receive education, but also build a community spirit," he said.

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RGI, which plans to build three kindergartens and two schools on the site of the Micro city, said that it has started the preparation for the construction work and expects to begin building in the fourth quarter of this year. The launch is estimated to be 2014.

"RGI aims to create not only a modern development for future generations, but also introduce a dramatically different concept of a comfortable and harmonious family environment. In keeping with this aim, the kindergarten is going to overlook the existing woodland that will remain untouched, and will comprise a walking area and shaded alleys for the use of both parents and children," the company said.

BC