Boris Kuzinez, the Company’s founder and Chief Executive, is recognized as one of the first developers to construct modern high-end, Western-style buildings in Moscow. Prior to the formation of RGI, Boris Kuzinez had been involved in the development of over 15 high-end residential, office and retail real estate projects situated in prime locations throughout Moscow and the surrounding areas.

On 14 March 2006 Boris Kuzinez founded RGI international Limited which took ownership of his principal property assets, at the time comprising five sites with development rights and one pipeline project. Boris's team, consisting of more than 40 professionals with extensive experience in identifying, developing and managing high-end office, retail and residential properties in Moscow, was also transferred to the Group. Management’s vision was to establish itself as the foremost developer of high-end property in Moscow.

To execute its strategy, RGI then sought external investors, the first of which, Morgan Stanley, became a 15% shareholder in September 2006. This was followed in December 2006 with the Company’s IPO on London’s AIM, which raised US$192m at US$6.00 per share from a range of high quality international financial institutions.

In March 2007, one year after the Company’s foundation, RGI announced a major land acquisition in the form of two sites, one near Tsvetnoy Boulevard (“The Chelsea Development”) and the other near Victory Park. The new sites, which were acquired for US$140m, increased RGI’s total land bank from 160,000 square meters to 500,000 square meters. The acquisition was accompanied by a secondary offering at US$10.44 per share, which raised an additional US$251m from equity investors.

Four more land sites were acquired in June 2007 for approximately US$167m, this time increasing the total land bank from 500,000 square meters to 2,230,000 square meters. The package included a large piece of land in the north of Moscow of some 1,613,000 square meters for mixed residential, office and retail development (“The Kingston Development”).

In December 2007, RGI completed its first Disposal, selling its fully owned subsidiary, Nospelt Limited ("Nospelt"), which indirectly holds the rights to the Butikovsky development, a completed office building in an exclusive part of Moscow, for an aggregate cash consideration of US$97.2 million, achieving a 65% premium to the most recent valuation done by DTZ, the company's independent valuator.

Today the Company has ten developments in total comprising 2.1m square meters of developable land. Details for each of them can be found under the Portfolio section of this website, including DTZ’s most recent valuations. The company’s most recent financial announcements, including total NAV and NAV per share figures can be found in the Media section of this website.