CANNES (France), March 9 – Smart-Holding is in talks with several financial institutions to establish a partnership and raise funds for the Balaklava Green resort project in Crimea, which foresees $1-1.2 billion in investment, according to Smart-Holding Real Estate Project Director Serhiy Ovchynnikov.

He said during the Balaklava Green project's presentation at the MIPIM-2011 international property exhibition in Cannes (France) on March 8-11 that currently the partner for the project has not been selected.