Signing an investment agreement with a number of Russian partners, including Municipality of Moscow, ENKA established Moskva Krasnye Holmy (MKH) in 1995 to develop Russian Cultural Center, a unique project comprising office buildings, trade, cultural and sports center on a seven-hectare plot of land, located on the eastern tip of the Kremlin Island bordered by the Moskva River and Vodootvodny Channel.
MKH commenced operation in the summer of 1995 and has thus far completed a number of buildings, totaling 156,000 m², including 61,500 m² of rentable office space under the brand name Riverside Towers. The Company is now owned 100% by ENKA. Many well known local and international companies have their offices here, among them SAP, Nissan, Mitsubishi Electric, Akrihin, MIC Group of Companies, Avaya, Chadbourne & Parke, Givaudan.
The complex accommodates a five-star hotel with 235 rooms, under the name Swissotel Krasnye Holmy. With the spectacular panoramic view, the hotel’s roof bar, City Space, is highly popular and listed on the 2011 chart of the World’s 50 best Bars. The newly built Conference Center, became a featured attraction from the moment it opened its doors, and now hosts many conferences, seminars and other events, catering for its prestigious clients.
Russian Cultural Center granted a new life to the old industrial area and became a remarkable landmark in Moscow skyline.