Chizh-owned Triple group occupies Minsk

The pro-Lukashenka oligarch easily receives attractive plots of land for construction in the Belarusian capital.

It looks rather natural why Yuri Chizh, the head of Triple group of companies, gave up the building plot in the village of Kalodzishchy, TUT.by writes.

Triple group of companies has other sites for construction that can bring more income and have a shorter payback period. The most vivid example is Kamennaya Horka city district, where Chizh-owned companies launched three large-scale construction projects. Large shopping centres, ProStore hypermarket, a business centre, hotel complex and a football academy are expected to be built there in 2 or 3 years.

The most well-known construction object is a multi-purpose  entre close to Kamennaya Horka metro station. There has been a large unused plot of land, though the territory was being developed actively. Green City, a 83,000 sq m  multi-purpose centre, will appear on the site. It is being constructed by Magnus Group created on the base of Triple's branch Stroitelnoe Upravlenie and Lithuanian construction companies. The project (a 22-storey office centre and a hotel occupying four storeys of the building, a 13,800 sq m hypermarket  and a parking lot for 1850 cars) is to be completed by the end of 2014.

Yuri Chizh earlier received expensive plots of land in Minsk for development. Among them were the plot near the river Svislach, where gigantic residential estate U Toitskogo was built. The building is considered by many architects to spoil the view of Troitskoe Predmestye (Trinity Suburb).

Firms belonging to the pro-Lukashenka oligarch construct buildings in the south east part of Minsk, in particular in the student campus on Dzerzhinski Avenue.

It's worth noting that many of Chizh's projects were constructed on preferential terms. U Troitskogo residential estate was freed from paying to Minsk's budget the sum of compensation for the cost of residential buildings pulled down to vacate the construction site.

Yuri Czizh and a number of his firms were put on the EU blacklist due to backing the regime of Lukashenka.