Nikken Sekkei Appointed as Master Planner for a Major Development in Krasnoyarsk of Russia

- Contract was Signed with Monolitholding Today at MIPIM in Cannes

CANNES, France, March 14, 2013 /PRNewswire/ -- One of the world's largest architectural design firms, Nikken Sekkei Limited, is appointed by a leading developer in Eastern Russia, Monolitholding Company, today at MIPIM as Master Planner for a new project development in Krasonyarsk, Solontsy of Russia.

The new project is located north of Krasnoyarsk, in proximity to the Yemelyanovo international airport, with a total area of approximately 210 ha. Krasnoyarsk is the largest economical and cultural center of Eastern Russia, the administrative center of Krasnoyarsky krai and the second largest region in Russia, after Yakutia republic.

The Solontsy City is envisioned to be an innovative residential development serving the pressing needs for quality mid-income class housing. "We are very delighted with the previous working relationship with Monolithilding in designing the master plan for Krasnoyarsk City. With the expertise at Nikken Sekkei in comprehensive integration of urban planning, architecture, and landscape design, I am confident that this project will be another success. We are witnessing a new wave of 'smart cities' developments in Russia, and this project has a potential to implement innovative concepts for the region," said Mr. Nakamura Mitsuo, Chairman of Nikken Sekkei.

"This is not the first time for Nikken Sekkei to be at MIPIM, and it has always been a delight to be here. We found MIPIM to be the perfect venue to announce the new contractual arrangement with Monolitholding and we look forward to showcasing it in the future," added Mr. Fadi Jabri, Partner and General Manager overseeing CIS, MENA and INDIA projects from the regional office located in Dubai, UAE.

Initial master planning for the project will be completed 3 months, followed by execution of the plan in various phases and details.

About Nikken Sekkei Limited

One of the world's largest architectural design firms with over 2,500 professional staff, Nikken Sekkei and its eight Group companies offer comprehensive design, engineering, management, consulting and R&D services. Established in 1900, the company's portfolio consists of over 20,000 projects in 40 countries. Its activities cover a wide spectrum of sustainable public and private endeavors including: new city design, high-density/mixed-use transit-oriented developments, super-high rise buildings, business parks, offices and facilities for commercial, cultural, educational and healthcare use. Nikken is headquartered in Tokyo and maintains branch offices in China, Korea, Vietnam and the UAE. The regional branch in UAE, oversees the activities in CIS, MENA and India.

About Monolitholding Managing Company

Monolitholding is a leading developer and construction company in Eastern Russia, headquartered in Krasnoyarsk. Founded in 1989, the Company is the first to use monolithic building construction in Krasnoyarsk. From 1990 to 2011, the Company has commissioned over 1.5 million square meters of real estate projects. Throughout the two decades, the Company has grown into a holding company to provide full support to clients, from blueprints to final sale and exploitation of residential and commercial buildings. Projects of the Company cover major regions of Moscow, Krasnoyarsk-City and Irkutsk.