Riko has been entrusted with the construction of a prestigious complex, which will be located in the historical centre of the Belarusian capital. The complex includes a five star Kempinski Hotel (22,765 m²), 81 residential units (14,431 m²), offices (14,926 m²) as well as parking and support facilities (23,411 m²). The construction of a modern multifunctional complex with a Kempinski Hotel will contribute to the further development of hoteliering activities at the highest level and provide new impetus to tourism activities in the high business class hotel standard category, the highest to date in Minsk and Belarus.
Riko, active in the Belarusian market for a decade, gained the investor’s trust through competitive offers, flexible business structure, and many references, notably the Peter I Hotel in Moscow and transformer stations in Minsk. The project will involve a strong Slovenian component in construction and equipment supply.
The Kempinski hotel construction is valued at €57 million, with the entire complex exceeding €100 million. The investor will provide over half of the funds, with the remaining credit secured by a consortium of international banks, guaranteed by SID Bank as the Slovenian state agent.
The investor is Elite Estate JLCC, with architectural design by Moscow’s SPEECH LLC. The hotel must be completed by the end of 2013, and residential and commercial parts by the end of 2014.
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Interested parties with relevant expertise, products, or references are invited to complete the questionnaire linked here. Proposals will be reviewed promptly. For more info, contact kompleks.kempinski@riko.si.
