Technopolis of Finland said its 150 million euro ($193 million) St. Petersburg project poses the "biggest risk" to the real estate company in 2010 as the economy faces the worst slump in a decade, chief executive Keith Silverang said Wednesday.
The Pulkovo Technopark, located near St. Petersburg's international airport, is the biggest venture in Technopolis' investment pipeline.
"It would represent a heavy hit financially if it launches with a weak occupancy rate," Silverang said. The company has already spent 50 million euros on the development.
