MOSCOW, September 9 (RAPSI) – The Moscow Commercial Court extended the supervisory procedures in Mirax Group’s bankruptcy for an additional six months, RAPSI reports from the courtroom.

The bankruptcy administrator explained the motion with the need to prepare for a trade off of the group’s assets.

The Mirax Group was founded in 1994. The total area of the company's development projects amounts to 12 million square meters, including 825,000 square meters of completed development. Its projects include the Mirax Plaza business centers, Poklonnaya 11 and Admiral, the Federation complex in the Moscow-City International Business Center, Well House, Mirax Park and many others.