Russia-focused property developer Mirland Development is considering expanding its activities in Russia to include hotels and logistics. The developer, which was floated on the London Stock Exchange in December 2006, pointed to a lack of first-class international hotels in Moscow, St. Petersburg and the other Russian cities with populations over 500,000 that it targets. Mirland said that it is assessing entering the hotel development business in a joint venture with a hotel specialist. The company said that it could also move into logistics in Russia by applying the know-how it has acquired in developing logistics centres elsewhere.
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