Having signed an investment agreement with a number of Russian partners, including the Municipality of Moscow, ENKA established Moskva Krasnye Holmy (MKH) with the specific aim to develop, in five progressive stages, the Russian Cultural Center, a center that includes office buildings, trade, cultural and sports centers on a seven-hectare plot of land with a 49-year lease. ENKA owns 100% of the company which commenced operation in the summer of 1995 and has thus far completed a number of buildings totaling 163,000 m², including 61,500 m² of rentable office space.
The complex, known as Riverside Towers®, accommodates a five-star hotel with 235 rooms, under the name “Swissôtel Krasnye Holmy” and operated by the FRHI Hotels & Resorts since 2005.
The hotel’s roof bar, “City Space” is highly popular and listed on the 2011 chart of the World’s 50 Best Bars, as compiled by Drinks International, the No 1. trade magazine for global drinks buyers.
The newly built Conference Center, also managed by Swissôtel, became a featured attraction from the moment it opened its doors, and now hosts many conferences, seminars and other events catering to prestigious participants.
The corporate policy of the company emphasizes a process of institutionalization and dictates that productivity and profitability excel by employing the finest local staff and the best local companies to collaborate with a core Turkish Management Team.