Essence Development

Essence Development is rated 3 out of 5 in the category commercial real estate. Read and write reviews about Essence Development. Our Approach Essence Development provides its clients with a comprehensive set of services at all project realization stages. The company’s strategy is to develop and manage high-quality Real Estate. We operate on a fee-based principle acting as a Fee-developer. This scheme allows differentiating between investor and developer’s roles. Fee-development is frequently practiced in US and European countries where investor assigns a professional team of experts to manage the whole project for agreed management fee. In this case, Fee-developer does not invest into the project. This model is becoming more and more popular across developing markets and BRIC countries, where Real Estate market is becoming more mature. Our services include but not limited to: Best-use analysis and finance modelling Control and coordination of construction works Contracting with suppliers and sub-contractors on specific works Leasing and Marketing Tenant coordination and control of fit-out works Preparation to building operations, further property and facilities management Investment sale The Team Our team embraces young professionals with an extensive experience in the field of project management and construction, leasing and marketing as well as further Asset management. The team members has successfully executed various Real Estate projects from land acquisition to investment sale of performing Assets both in Moscow and in the regions. *We’re currently developing three large Retail schemes in Moscow and Moscow region totaling more than 1 mln sq m GBA.