Lakhta Center is a multifunctional complex in St. Petersburg with the Gazprom headquarter and public spaces occupying a third of the area. Construction was completed in October 2018, now start work on the arrangement of business and public areas. The opening will take place in about a year, when the complex will be fully prepared to meet guests. »

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Investments in Gazprom Skyscraper Zero Cycle will be about $100 million

RIA Nedvizhimost

17.09.2013

Investments in Gazprom Skyscraper Zero Cycle will be about $100 million
The cost of the zero cycle construction of Lakhta Center high-rise building in Saint Petersburg can be about 100 million dollars based on the estimates as of today, Executive Director for Social and Business Center Okhta CJSC (a subsidiary of “Gazrpom’ OJSC) Alexander Bobkov told RIA News on Tuesday.

"These are piles, a Diaphragm wall, soil excavation, dewatering, drainage, temporary utilities and roads. A complete construction cost estimate corresponds to the scale and uniqueness of the project and it will stand out as compared to a row of the similar complexes”, he said in a conference “Integrated Urban Development and Environment Quality”.

Mr. Bobkov added that this project is not intended to be sold in the market as purely a development project so a 7-year payback period is expected and will be achieved due to the award of sale and purchase agreements or intra-group rental agreements.

In his speech at the conference he said that the total area of the construction had been increased from 330,000 square meters as previously declared, up to 400,000 square meters due to the increase of the publicly accessible areas, a car park (additional 700 car slots are designed) and due to the increase of the area of the adjoining buildings.

He added that the architectural project of construction stage one comprising the construction of the Tower had been approved, successfully passed the examination of the experts’ at state expertise authority and since September 2012 the construction works had been underway at site and the conclusion in relation to the architectural project of the adjoining areas and buildings could be obtained till late September 2013. In addition till late 2013 a tender will be arranged to select a contractor to carry out the next cycle works. "It will be one of 5-6 leading international companies possessing its own similar positive work experience related to the construction of high-rise buildings” he explained.

Originally Gazprom planned to build a business center with a 400m skyscraper on Okhta promontory, opposite the Smolny Cathedral. However because of the public protests the company cancelled the project of the Tower construction on Okhta and purchased a site of the area 140,000 square meters in Lakhta on the shore of the Gulf of Finland.



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