The IQ-quarter (russian: IQ-квартал, r=IQ-kvartal) is a mixed-use complex composed of two skyscrapers and a high-rise located on plot 11 in the

Moscow International Business Center The Moscow International Business Center (MIBC), also known as Moscow-City, is an under-construction commercial development in Moscow, the capital of Russia. The project occupies an area of 60 hectares, and is located just east of the Third ...

(MIBC) in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

with a total area of . The skyscrapers are named Towers 1 and 2, with the latter being the tallest, and the high-rise just known as the IQ-quarter hotel or Tower 3. Construction of the complex began in 2008 and finished in 2016. The 42-story Tower 2 is the tallest out of the three buildings in the complex, rising up to a height of . It is followed by the 33-story Tower 1, rising up to a height of . Both buildings serve as

office An office is a space where an Organization, organization's employees perform Business administration, administrative Work (human activity), work in order to support and realize objects and Goals, plans, action theory, goals of the organizati ...

s. The lowest building is the IQ-quarter hotel, or just Tower 3, standing at a height of and serving as both a

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

and a residential area.

History

The MIBC needed a transport terminal with commercial areas with a total area of . Dutch company Citer Invest BV decided to invest in plot 11 of the MIBC back in 2003. Using 1,137 hectares, the company planned to build two office towers () and a 4 star hotel with 390 rooms. The transport terminal was to be connected to Sheremetyevo International Airport, Vnukovo International Airport, the Moscow Metro, and

ground transportation Land transport is the transport or movement of people, animals or goods from one location to another location on land. The two main forms of land transport can be considered to be rail transport and road transport. Systems Several systems of land ...

through the Third Ring Road. Construction of the complex started in 2008 and was planned to be completed in 2011. In August 2008, the developer agreed with VTB Bank on project lending, but because of the

Great Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At ...

, the bank was unable to provide financing. As a result, construction was postponed in the first quarter of 2009. By this time, it was possible to erect only a wall in the ground and a pile foundation. Almost a year later, the company managed to raise $355 million with the help of Belgian financial institutions under the

contract A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to tran ...

s issued by VTB. In November 2009, the developer expected that the complex would open in 2013. In April 2011, the Russian construction company Hals-Development bought 50% plus one share of the project investor. On 11 December 2014, the art piece Eye of Sauron was planned to be installed roof of the complex to go along with the Russian premiere of the film The Hobbit: The Battle of the Five Armies. This triggered an angry response by representatives of the

Russian Orthodox Church , native_name_lang = ru , image = Moscow July 2011-7a.jpg , imagewidth = , alt = , caption = Cathedral of Christ the Saviour in Moscow, Russia , abbreviation = ROC , type ...

. The complex finished construction in 2016. In November, it became known that Russian banking company

Rosselkhozbank Russian Agricultural Bank (russian: Россельхозбанк) (RusAg) is a 100% state-owned bank regulated by the Bank of Russia. RusAg is providing lending support to Russian agribusiness. History Modern agribusiness production systems are c ...

is negotiating the purchase of a 34-story tower with a leasable area of . The transaction value was estimated to be from 11.5 to 12 billion

rubles The ruble (American English) or rouble (Commonwealth English) (; rus, рубль, p=rublʲ) is the currency unit of Belarus and Russia. Historically, it was the currency of the Russian Empire and of the Soviet Union. , currencies named ''rub ...

References

External links

* {{Moscow-City Moscow International Business Center Skyscrapers in Moscow Twisted buildings and structures

History

See also

References

External links