MR Group
How a developer that started with shopping centers became a leader in the premium segment
By 2026, MR Group had firmly established itself as one of the top three developers in Moscow in terms of construction volume. The company’s portfolio includes 21 projects with a total residential area of nearly 1,000,000 square meters, designed to accommodate 17,400 families. In terms of current construction volume, the company holds a 6.07% share of Moscow’s new-construction market. For the past five years, MR has consistently ranked among the top five in terms of current construction volume, and for the past year, it has been in the top three.
At the same time, the company’s portfolio of completed projects already includes 66 properties with a total residential area of more than 1,900,000 square meters. And when residential and commercial real estate are included, MR Group’s portfolio comprises 52 properties with a total area of 11.8 million square meters in Moscow and the Moscow Region.
The company’s history began in 2003, when Viktor Labuzdko and Roman Timokhin founded MR Group. At that time, it was a developer focused on shopping centers. Its first projects were “Golden Babylon” in Rostov-on-Don and “RIO” on Dmitrovskoye Shosse. But by the late 2000s, the company had shifted its focus to residential real estate, and that decision shaped the company as it is today.
Today, MR Group is more than just a developer. It is a company that leads in several segments simultaneously: business, premium, and deluxe-class residential real estate; office real estate; restaurant clusters; and educational projects.
The premium segment, where MR Group sets the rules
In the premium new-construction market, during the first three months of 2026, buyers purchased 1,100 units with a total value of 60.2 billion rubles. And MR Group is the developer selling the most premium new-construction projects—specifically, three projects—among the top 15 most popular in Moscow as of the end of the first quarter of 2026.
Denis Khazov, Product Director at MR Group, notes: “We are currently seeing active decentralization of the premium segment.” A shortage of land plots in the historic center has led to a decline in the share of premium-class real estate sold there, from 36.1% to 21.7% over the past five years. Currently, within the boundaries of the Central Administrative District, the highest concentration of premium construction is in the “Moscow City” business cluster and the surrounding areas.
MR Group is keeping pace with this trend. The company is actively developing areas outside the Garden Ring, creating projects there that are on par with those in the city center in terms of quality. Among them are “MIRA” near VDNKh and “JOYS” in the Khoroshyovo-Mnevniki district.
The living space of the three buildings in the “MIRA” complex totals nearly 44,000 square meters. The “JOYS” towers offer 81,500 square meters. By way of comparison, this is more than some developers build in a year across all their projects combined.
Luxury Segment
In 2024, demand for luxury real estate in Moscow grew by 25%, while prices rose by 22%. In total, approximately 400 properties with a combined area of 52,800 square meters were sold in the capital. The highest concentration of luxury real estate remains in the historic center—within the Garden Ring. There are 26 deluxe-class projects underway here, with MR Group projects accounting for more than 30% of the available space: the Nicole residential quarter, the Luce family home, and the Forum club house.
By the end of the year, MR Group’s sales in the deluxe segment had nearly doubled, totaling more than 5,000 square meters. Nicole and Luce were in particularly high demand—they ranked among the top 10 best-selling properties in the capital. The top-selling project was the Nikol residential complex on Nikolskaya Street, where 2,800 square meters of real estate were sold. In Luce, located on Krestovozdvizhensky Lane, 1,700 square meters were sold.
The most expensive property was sold in Lyuche—a 420-square-meter, four-bedroom apartment went for 1.4 billion rubles. The average price per square meter for luxury real estate in Moscow by the end of 2024 was 2.7 million rubles—a 22% increase from the beginning of the year.
And in 2026, MR Private—a division of the company that specializes in luxury residences—launched another project: the Klimashkina 7/11 club house. The developer transformed the building, with its 19th-century facade, into a deluxe club house, preserving its historic appearance while incorporating modern design elements. The project comprises just 46 residences, and about 20% of them have already found owners, even though sales didn’t begin until November 2025.
Why hasn’t demand for such properties declined even under current conditions? Because supply is limited, and demand for unique properties remains consistently high. Buyers often view such projects not only as a place to live but also as a means of preserving capital. Amid inflation and the ruble’s volatility, investments in real estate with history and prestige appear particularly attractive.
The Forum Club House is another MR Group project in the luxury segment. It is located on Sadovaya-Sukharevskaya Street, behind the historic “Forum” Electric Theater building. Construction has already reached its highest point at 13 stories, and the building blends seamlessly into its complex surroundings thanks to its proportions. The project features high-end finishes with premium materials and a “smart home” system in all apartments.
Office development: 2,100,000 square meters and 20% of the market
But MR Group is not just about real estate. In April 2025, the company launched a separate office real estate brand—MR Office. And in just one year, the division’s portfolio grew to eight projects.
Currently, the MR Office portfolio exceeds 2,100,000 square meters and includes more than 25 projects in Moscow. Over 1,000,000 square meters of office space have already been commissioned. Taking planned projects into account, the company’s share of the Moscow office market stands at 20%. A total of 7,300,000 square meters of office space is slated for construction in Moscow through 2030. With a 14% share, MR Office ranks first in terms of planned volume.
By the end of 2026, seven new projects from MR Office with a total area of more than 800,000 square meters will enter the market. One of them is the CITIZEN Class A office complex in the Pokrovskoye-Streshnevo district. The project includes two towers, 23 and 35 stories tall, with a total area of 120,600 square meters, of which 69,300 square meters are designated for offices. The complex will feature its own metro entrance on the -1st floor of the stylobate, a fitness center with a swimming pool, a food court, restaurants, a shopping arcade, a mini-market, and a movie theater. Completion is scheduled for the first quarter of 2030.
Another project is the MIND office complex near the “Dynamo” metro station. According to the design, as the height increases, the floor area gradually expands, so the tower will resemble an inverted pyramid with facades made of slanted glass panels. This shape is intended to create the effect of three-dimensional scales, and thanks to the interplay of light and reflections, the building’s appearance will change throughout the day.
Restaurant Clusters and a New Approach to the Urban Environment
MR Group does not limit itself to the construction of residential properties and offices. The company creates an urban environment where these elements work together.
In the western part of the capital, in the SET residential district, Moscow’s first gastronomic cluster is taking shape within a business- and premium-class residential development. In total, the project includes 28 spaces with various dining concepts, covering a total area of 5,000 square meters. One in four premises is designated for a restaurant, and a food court is also planned.
One of the first tenants will be a 300-square-meter restaurant from the Folk Team group. Over the past four years, restaurateurs Dmitry Romanov and Veniamin Ivanov have built an impressive portfolio: the ethnic Folk restaurant featuring food cooked over an open fire, the Japanese Amber, Amber, the Spanish-Portuguese Padron, the wine-themed ENO Bistro, and Turk Diner—Turkic cuisine in the style of an American diner.
MR Group deliberately chose not to wait until the neighborhood was fully occupied: the restaurant will open before all phases of the development are completed—a rare occurrence in the Moscow market.
The project’s logic aligns with the “15-minute city” concept, which Moscow has been consistently developing as one of the key principles of its urban planning policy: all necessary services are within walking distance of home.
What's Next
In 2024, MR Group commissioned approximately 600,000 square meters of total floor area, including 380,000 square meters of residential real estate. It also commissioned 365,000 square meters of business-class and premium-class real estate.
In 2024, the company launched five projects: in the business-class segment—the CITIZEN multi-neighborhoods in Pokrovskoye-Streshnevo, SET and VEER in the Mozhaisk District; and in the premium segment—the JOYS residential complex in Khoroshyovo-Mnevniki and the MIRA residential complex in the Alekseevsky District.
In 2026, MR Group continues its expansion. The company finalized the architectural and urban planning design for the MIND office complex and purchased the site of the former Moscow Radio Engineering Plant on Vereyskaya Street — 30 hectares in western Moscow, where it can develop a project with a total real estate area of approximately 1,100,000 square meters.
The company ranked third among developers in terms of annual sales volume of real estate under construction within the boundaries of Old Moscow. Over the course of 12 months, 205,000 square meters were sold in the developer’s projects. In the ranking of the most stable players in Moscow’s office real estate market for 2024, the company took second place with a total office space of 232,150 square meters.
At Whitewill, we work with MR Group on all of their projects—from clubhouses in the city center to large-scale multi-neighborhood developments. Our database contains current listings in all of the developer’s residential complexes, including off-market sales. We’ll help you find an apartment that meets your needs: from intimate residences to penthouses with panoramic views.
Submit a request on our website, and we’ll send you a selection of the best offers from MR Group, complete with current prices and floor plans.
Best offers in Moscow:
A complex of premium class apartments and apartments in five minutes from Belorusskaya metro station. You can choose options from compact studios to spacious apartments or three-bedroom apartments.
| Lots | Area from |
Price from
|
A premium class project on the territory of "Big City" in seven minutes from the metro station "Khoroshevo". The project consists of 6 buildings with apartments and office premises. All apartments have whitebox finish, which means that almost all noisy and dirty works are behind.
| Lots | Area from |
Price from
|
Deluxe class club quarter on Sadovnicheskaya Embankment in Zamoskvorechye. The project consists of 4 buildings from 1 to 10 floors. There are variants from 1-bedroom apartments to spacious 5-bedroom residences. You can also choose a penthouse with a terrace and a wood-burning fireplace or an urban villa with a private entrance.
| Lots | Area from |
Price from
|
“C5” is a premium residential complex near Petrovsky Park, in one of Moscow’s greenest neighborhoods. The project consists of nine buildings: six residential towers ranging from 4 to 48 stories, an office building, commercial spaces, and an entrance pavilion. The collection features 770 residences with ceilings up to 4.8 meters high, including penthouses with terraces and views of the park, the “Moscow City” towers, and the historic city center.
| Lots | Area from |
Price from
|
Business class complex in 4 minutes from the central alley of Sokolniki Park. There is a wide range of apartments: from compact studios to spacious family solutions. On the upper levels there are view apartments and penthouses. The internal garden continues the natural landscape of Sokolniki Park.
| Lots | Area from |
Price from
|
"Masters" is a premium-class neighborhood in a quiet part of the Aeroport district, just 15 minutes from the Kremlin. The composition is formed by 11 multi-height sections of variable storey from 8 to 25 levels, creating an integral architectural ensemble with an expressive silhouette. Panoramic windows offer views of the City skyscrapers and the green landscape of Khodynskoye Field.
| Lots | Area from |
Price from
|
Read also:
