The Demján Group will build the 80,000-sqm centre in 24 months. The centre will have a 1,600-seat concert hall, an exhibition space and a conference area with capacity for 2,500 people.
The city-issued PPP tender for the development of the state-of-the-art cultural center was won by Demján Group with its Russian partner, Invest-Stroy.
The designer of the cultural complex is ZOBOKI-DEMETER & Associates Architects, which has already won the architectural Oscar with the Budapest Palace of Arts. They work together with local architects in creating the new landmark of the Vasilevsky Island.
The center will be built within 24 months. The more than 200 million Euros development, to be built in ppp-construction, will be supported by the Demján Group’s member TriGranit Development Corporation.
The Demján Group-member TriGranit is a fully integrated real estate investment, development and management company. With operations in 7 countries in Central and Eastern Europe, a large portfolio of completed trophy assets, and a pipeline of over €4 billion of major mixed-use developments, as well as a number of public private partnership (PPP) investments, TriGranit is well positioned to participate in the expanding real estate markets.