Real Estate Development
Vadim Moshkovich controls Masshtab, one of the largest Russian development companies, focused on New Moscow (Novaya Moskva), an area which was absorbed by the City of Moscow in July 2012. The company has more than 2,580 hectares in New Moscow. Upon entering the real estate sector, Mashtab hired McKinsey & Company to study the world’s most successful cities. These studies resulted in a development plan which, in a break with typical post-Soviet practice, aims to create an urban space that provides not only new residential blocks, but also ample social and transport infrastructure, and to facilitate local job creation in line with global best practice. Moshkovich cited the City of Irvine, California as an Example of a well planned new city built on former agricultural land that continues to attract residents and create local jobs. In 2013, Moshkovich donated 307 hectares of land to the City of Moscow to be used for the construction of an administrative and government center in New Moscow.