Last year, Khaldei, who co-owns the Russian developer with Israeli billionaire and diamond dealer Lev Leviev, was sitting on a portfolio of some of Moscow's most prestigious projects, which were valued at nearly $6 billion.
Now, he has scaled back his development projects from 34 to concentrate on three flagship central Moscow ventures that make up the lion's share of his portfolio, which was valued by consultants from Jones Lang LaSalle at $2 billion at the end of 2008.
The Moscow property market has seized up as the businesses that occupy the city's sleek new Class A office space slash their staff and some companies pack up altogether, filling the business newspapers with sale and bankruptcy notices.
