OREANDA-NEWS  On 23 September was announced, that the branch of Ingosstrakh IJSC in Archangelsk prolonged insurance contracts for 27 real estate assets of Titan Development. The insured liability is RUB 705. 9 mln.

The insured assets are business centers, shopping malls and a warehouse. All the assets are insured together with the engineering networks and equipment.

Insurance contract covers such “fire risks” as fire, natural calamities, damage by water, explosion, theft and robbery, illegal acts by third parties, fall of manned aircraft and wreckage, collision with a vehicle.  Additionally insured is the risk of loss of lease payment. 

Titan Development provides the whole range of development services. It was established in 2005 as part of the group of companies Titan. It is a professional manager of commercial real estate R11: business centers, shopping malls, warehouses, as well as of construction of new premises.