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Prime Business Group Holding enters commercial property market


12/25/2007


The BVT Management Company, BVT Building Company and the Gazstroyproekt Scientific Research and Design Institute all joined the Prime Business Group Holding. Development, commercial property management and telecommunications these are the three market segments where the Prime Business Group Holding will concentrate its business activities.
    The Prime Business Group is a diverse Russian holding established in the year 2003 and, at that time, consisted of eight companies. Its activities were concentrated in the following six segments: telecommunications, building, system integration, IT, finance and consulting. In 2007 the Holding underwent restructuring. As a result three of the companies where terminated and replaced with new ones.
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Designing new tactics and strategies on such a large scale, the re-organisation of companies and the defining of its internal strategy are both vital and natural for any holding. And Prime Business Group is no exception. The consolidation of the functions of the BVT Management Company, BVT Building Company and the Gazstroyproekt Scientific Research and Design Institute with the Mastertel Connection Service Provider and other Prime Business Group parts will enable them to unite their business tasks and enhance the overall effectiveness of their solutions, said Vitaly Ezopov, Member of the Prime Business Group Board of Directors and Executive Director of Mastertel.
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The BVT Management Company (www.bvt-mc.ru) specialises in the professional management of commercial property across Russia. BVT provides high profits for commercial property owners from the running of their property trust according to an agreed strategy, budget and any other specific client requirements. This is all possible thanks to a long established partnership collaboration with a whole network of various large financial institutions, funds and private investors around the world.
BVT presently manages over 200,000 square meters of commercial property in Moscow and St-Petersburg. These consist of Class A and B business-centres. Additionally 100,000 square meters of Premium Class commercial properties are currently under development.
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The main speciality of the BVT Building Company is work in areas of construction and the operation of buildings as well as carrying out special services.
At the present moment BC BVT operates as builder-contractor and technically supervises several Moscow business centre reconstructions. It is also carrying out pre-project preparation of a new 70,000 square meter administrative building.
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The Gazstroyproekt Scientific Research and Design Institute was created to carry out project- and research work in the area of residential, public and administrative building as well as gas and oil pipe-line reconstruction on Russian soil.
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The gradual integration of new members to the Holding went as planned. We hope that all Prime Business Group Holding members joint efforts will fully accomplish the mission of BVT Management Company, commented Andrey Buravchikov, Member of the Prime Business Group Board of Directors and Executive Director of the BVT Management Company.



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