ACM Group
ACM Group

The company was founded in 2003 in St. Petersburg. Originally it was a "Personal Creative Architectural Workshop", created by architects-restorers who worked in the State Hermitage. Now "ACM Group" is a company of professional restorers, operating in many cities and regions of Russia - St. Petersburg and Leningrad region, Moscow, Astrakhan, Kaliningrad, Norilsk, in the Republics of Crimea and Karelia, the Chechen Republic, the Republic of Ingushetia and the Republic of Sakha, as well as carrying out international restoration projects in Europe and the Republic of Uzbekistan. According to the company's projects, more than 160 monument buildings have been restored.

Cultural heritage sites will be sold together with investment-attractive plots of land.

Cultural heritage sites requiring restoration will be able to be put up for combined auction together with lots that are more attractive to investors, such as residential development sites. A draft law to this effect has been prepared by the Ministry of Culture. Thus, by purchasing a cultural heritage site for 1 ruble and undertaking to restore it, the investor obtains the right to build a new residential building or hotel nearby to recoup the cost.

Pros: saving abandoned monuments.

Risks: threat to the historical environment due to selective development, priority of development over restoration.

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