SVR construction projects in Russia were suspended

SVR construction projects in Russia were suspended
Publishedо 13 May, 2020
One of the largest Finnish construction companies, SVR, has put on pause the implementation of many projects in Russia. The reason is a significant drop in activity in the real estate market on the background of the coronavirus pandemic.

The concern has postponed the sale of several large shopping centers, which was scheduled for the beginning of 2020, and also plans to make changes to projects for the construction of residential facilities. The construction process was not directly affected by covid-19, but it is clear that the purchasing power will not be high in the near future.

Source: svkk.ru