Morton buys Lefortovo site off Almaz-Antey

Morton buys Lefortovo site:  The Moscow residential development group Morton has bought an 8.8ha site from the state-owned defence company Almaz-Antey in Lefortovo, close to the city centre. It plans to turn the site into a 27,000mmixed commercial and residential use at an estimated cost of RUB27bn. rbc