The latest from MIPIM including brand new developments in Manchester and a sighting of Roman Abramovich's yacht.

Foster + Partners has unveiled a mixed use scheme in Moscow right next to the Red Square. The Zaryadye development will replace Hotel Rossia near the Kremlin and will feature new hotels, shops, offices and apartments. Zaryadye is the pre-revolution name for the area and the Russians are keen to restore the historic flavour of the site which was obliterated by the soviet era Hotel Rossia which at one time boasted 3000 bedrooms.

Fosters & Partners Zaryadye project

Nicky Gavron told MIPIM delegates that London must embrace sustainable development if it was to maintain its position as the "the world's most important international financial, business and economic centre." The deputy mayor of London also highlighted the importance of the Thames Gateway to investors at MIPIM.

Rumours abound that Roman Abromovich is in town after his yacht was spotted in the Cannes harbour yesterday. No doubt the Chelsea owner is keen to bury himself in his work following yesterday news of his painful 1.5bn pound divorce.

Denton Corker Marshall has announced the opening of a new office in Manchester. The international architect is close to completing the Manchester Civil Justice Centre - its first scheme in the UK. Also in the pipeline is a 12-storey office in New York Street, Manchester for developer Bruntwood and a mixed-use development of offices, a hotel and 200 apartments for Ask Development.

Also in Manchester, Gleeson Regeneration has unveiled 600 new homes at its City East scheme in Beswick. The development of affordable homes forms part of the New East Manchester Urban Regeneration Scheme. A new Argent office development in Manchester called the Hive has also been announced, which has architects HKR Architects and Piercey Connor Architects onboard.