The building permits will be tabled before the summer 2010

The entry in the promoters of the eastern band, represented by Hermitage of Defense is less rapidly that they dreamed. But not without panache! At the end of two years of trial and error and a few missteps, Emin Iskenderov, the President of this society for the promotion and investment linked to the Moscow Mirax group, said today have received funding to build its towers binoculars Hermitage Plaza, upright to 323 metres high and designed by the prestigious firm British Norman Foster Partners, in edge of river Seine and in the margins of the esplanade on Courbevoie. Brandis as signs of the revival of the Parisian West business district rehabilitation work of Descartes by Icade Tower, demolition-reconstruction of Air 2 and D2 towers and Carpe Diem of Aviva towers and Majunga of Unibail construction will start in 2010.

What was your initial vision How has it evolved since its first release as a person in the building of the Signal Tower in 2008, which was to demonstrate the relevance of diversity

We were candidates for the Signal Tower that we have not won. Notwithstanding, our idea was to register in the revival of the defence plan passed by the State in 2007 and to create the first mixed Tower on the site. This new version designed by Sir Norman Foster will bring in its 250,000 m2SHON, its twice 91 floors, a palace of 210 rooms five star, a commercial centre of 15,000 m2, a concert hall of same surface providing 1,300 tickets, a contemporary art gallery, approximately 35,000 m 2 of Office, six restaurants, and cafeterias, several sports and, in the upper floors rooms540 apartments standing. From the original definition, two years of additional studies were needed to attain the standards of certification BREEAM Excellence, a first in the world for a building of very large height for multiple functions. It will be the first time that a developer will extend the public space within the building. The building permits will be tabled before the summer 2010.

How did you respected the urban constraints imposed by the Epad

The public establishment of development imposes urban and architectural rules very strict. Hermitage acquired a land already occupied by offices, homes and businesses, which are in the process of relocation dans neighbourhood, and we are buying to the Epad volumes for the building of our tour. As the specify Joëlle Ceccaldi-Raynaud, the new President of its Board of Directors, we are expanding our thinking on the development of the defence 1 district to the banks of the Seine canned.

How is this project and how do you fund

The total price of the project is estimated at EUR 2 billion financed by own funds, borrowing and the commercialization of the surfaces. To date, we have invested 110 million of own funds with 95 million are dedicated to the land acquisitions and the balance on the studies related to the control of work. We injecterons by the summer 2011 some 200 million additional euros capital before even the start of the construction site planned in 2011 for a delivery in the first quarter of 2016.

The purge of the permit to construct, our agreements with a pool of European bankers must unblock EUR 700 million to finance the construction of the entire project whose commercialization will be launched end of 2010.

At the same time, we are studying the feasibility of some 700,000 m2sur of the land we control of joint programs in the Hauts-de-Seine and Paris.