AB Development was established in 2008 and in 2011 became part of the Altera group of companies. Since its inception AB Development has focused on, and realized, a number of high-end commercial and residential projects in Moscow and St Petersburg. There are currently a number of high quality projects, managed by AB Development, in the design stages or under construction. A sample portfolio of current and completed projects is introduced on Team Track Record.
AB Development is managing the Altera 3 Real Estate Fund, which acquired the Arcus project in 2012 as a part of its core real estate development strategy.
The company employees have a long history working together at Horus Capital and then at AB Development. Currently AB Development has a staff of 80 employees working in various areas of project development and fund management. AB Development aims to create the highest value in every real estate project, looking carefully at all crucial aspects of the site such as: quality, sustainability, efficiency, budget, aesthetics, green credentials, completion schedule and many more. We collaborate with the world’s best architects and consultants, who assist us in delivering every project to the highest standard. The project team for the current project is introduced on Project Team.
AB Development is responsible for the asset, project, construction, leasing, financing and property management of Arcus III. Our aim is to create another leading office development on the Moscow skyline for the comfort of our tenants and users.