ROEL Group has announced recently that they might actually buy Noviy Grad’s assets. Lev Tretyakov, CEO ROEL Asset Management (part of ROEL Group), says they have been considering the idea for a while now.

‘It’s early times yet to speak of the details of the prospective transaction; we are currently at the negotiations stage, and the decision will probably be taken soon,’ he adds.

Right to a Dwelling, one of the local NGOs, reported earlier that ROEL Group that deals in resuscitation of dying businesses among other things might actually buy the assets of Yekaterinburg’s bankrupt developer.