Dutch developer TCN Property Projects is planning to develop a Media Park in Moscow with a local partner and an unnamed international investor. 'The Russians have plenty of money,' said CEO Rudy Stroink in an interview with PropertyTV at the EXPO REAL fair in Munich on Monday. 'What they don't have is skills in the area of development. We see lots of potential in this area, also in other thematic projects such as DIY malls.'

Dutch developer TCN Property Projects is planning to develop a Media Park in Moscow with a local partner and an unnamed international investor. 'The Russians have plenty of money,' said CEO Rudy Stroink in an interview with PropertyTV at the EXPO REAL fair in Munich on Monday. 'What they don't have is skills in the area of development. We see lots of potential in this area, also in other thematic projects such as DIY malls.'

The project will be TCN's first in Russia. The company recently opened an office in Moscow and expects to expand there in the future. Stroink: 'We normally buy existing buildings and upgrade them with new facilities. We are also looking at the possibility of developing a movie production site in Moscow.'

TCN is already active in Germany, Belgium, Spain, Portugal and the UK. The company operates a media park in the Netherlands which will serve as a model for the Moscow project.