Gennady The Blacks

Background

Gennady Chernykh is a Russian developer.

Founder, director and co-owner of PRINZIP.

PRINZIP has been building residential buildings, office buildings, and shopping malls in Yekaterinburg since 2005. During this time, more than 1,000,000 m2 of residential and commercial real estate has been commissioned.

Currently, 5 projects with a total area of more than 400,000 m2 of residential real estate in Yekaterinburg are under active construction, and the construction of a residential complex in Vienna (Austria), the design of facilities in Moscow and St. Petersburg.

In 2020, the company launched the largest integrated development project in Yekaterinburg, ISTOK.

The new neighborhood will be located in the south-east of Yekaterinburg, will occupy an area of more than 4,000 hectares, and about 120,000 people will live in it. The residential part will consist of medium-rise buildings and cottage settlements. In total, it is planned to build about 4 million square meters of housing and more than 2 million industrial and logistics properties. On the one hand, this will provide affordable housing for middle-income families. On the other hand, it is necessary to create more than 30,000 modern jobs and ensure significant investments in The Sverdlovsk region.