Fishman Group / Mirland Development
LeaveRussia detail: Exit Completed
MirLand Development Corporation is one of the leading international companies in the sphere of residential and commercial real estate in Russia. MirLand Development Corporation was established in 2004 to implement large investment projects in the Russian real estate market. The controlling stake of the company belongs to the investment holding Fishman Group, which has been successfully operating in the international real estate market for over thirty years and has a total annual turnover of over 2 billion dollars. In December 2006, MirLand Development successfully carried out an initial public offering (IPO) on the London Stock Exchange for the amount of 293 million dollars.
Business in Russia
Currently, the company owns 13 residential and commercial projects in Russia with a total area of about 1.3 million square meters, intended for sale/rent. Of these, 6 commercial projects have already been commissioned and 2 residential properties have been put on sale. The leading projects of MirLand Development are: the residential eco-complex Triumph Park in St. Petersburg, the shopping centers Triumph Mall in Saratov and Vernisage in Yaroslavl, and MirLand Business Center in Moscow.
Decision trail
Decision date 11/07/2025 · Reference ↗
Mirland Development, founded by the Israeli Fishman Group, can transfer part of its last Russian assets with a total value of 5–6 billion rubles. third party company. The Federal Antimonopoly Service (FAS) reported that it had received applications for the acquisition of LLC "Autoprioritet", LLC "Kreativkom" and LLC "Petra-8", without naming the applicant. Israeli Mirland Development, which began operating in Russia more than 20 years ago, has found a new owner for the Yaroslavsky Vernisazh shopping center (65 thousand square meters). The property, the cost of which could reach 5 billion rubles, is called the developer's last asset in Russia on the market. The new owner may try to get part of the funds back through legal proceedings: since spring, Yaroslavsky Vernisazh has been trying to recover 2.5 billion rubles from a Cypriot company. 10.07.2025: The entry regarding the founder of LIMITED LIABILITY JOINT-STOCK COMPANY "BUTON INVESTMENTS LIMITED" has been removed from the Unified State Register of Legal Entities. ARSENUS FZ-LLC, a free zone limited liability company, has become the organization's PETRA-8 LLC new founder. 11.07.2025: The entry regarding the founder of MIRLAND DEVELOPMENT CORPORATION PLC, a public limited liability company, has been removed from the Unified State Register of Legal Entities. ARSENUS FZ-LLC, a free zone limited liability company, has become the organization's LLC "CREATIVECOM" new founder.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
Upgrade to Professional