Aquilon can buy 1.6 hectares on Varshavskoye Shosse in the south of Moscow from Capital Group

Regional developers continue to replenish land banks in Moscow by purchasing sites from capital players. Thus, Aquilon can buy 1.6 hectares on Varshavskoe Highway in the south of the city from Capital Group, but develop much more in this area – 13.4 hectares. Experts believe that in the future the volume of market transactions for the sale of development land in Moscow may decrease due to the increase in the number of integrated development projects for territories.

Pavel Tyo’s Capital Group has agreed to sell 1.6 hectares on Varshavskoe Highway in the south of Moscow to Akvilon, two sources in the real estate market told Kommersant. Capital Group declined to comment. Akvilon did not respond to Kommersant’s request.

Capital Group acquired these lands last winter from Sergei Sudarikov’s Region Group (see Kommersant, December 12, 2022). Then the deal included 1.6 hectares, estimated at 600–900 million rubles. But later it became known that Capital Group is developing a planning project for 13.4 hectares, which includes the former asset of Region.

According to SPARK, in October 2023, Olga Agafonova received 50% in the Dikta-O company, on whose balance sheet the site is located. She, according to Kommersant’s interlocutors, is associated with the Akvilon group. Another 20% in the company remained with the son of Capital Group owner Pavel Te Herman, and 15% each went to the group’s top managers. Director of the Nikoliers development department Timur Ryvkin estimates the amount of Aquilon’s purchase of the site for integrated development on Varshavskoye Shosse at 3.5–4 billion rubles.

In 2020, Aquilon already purchased 4.5 hectares in Rozhdestveno from Capital Group for new phases of the Mir Mitino residential complex, and at the beginning of this year, the rights to build 90 thousand square meters. m within the boundaries of the Molodezhnaya transport hub. In addition, the companies are jointly creating the Sorge transport hub, where almost 250 thousand square meters will be built. m of real estate.

The peculiarities of approval of development in Moscow are quite specific, so regional developers buy plots from capital developers who are involved in obtaining permits, states the founder of Best-Novostroy, Irina Dobrokhotova. In recent years, the sale of sites with a ready-made package of documents has been one of the activities of Capital Group, notes Polina Mitina, senior director of the assessment and consulting department of CMWP. This year, the developer sold several large plots to different companies – 6.5 hectares on Dubninskaya Street and 4 hectares near the Rokossovsky Boulevard station.

But now the Moscow authorities are trying to coordinate more projects within the framework of integrated territorial development (CTD), which could lead to a reduction in the volume of market transactions for the purchase of sites, says Maxim Chernyadyev, director of the NF Group land projects department. Perhaps, he continues, in a few years all major projects will be implemented using the CRT mechanism.

If in 2020 and the first half of 2021, when the KRT program just started in Moscow, two agreements were concluded – with RG-Development and Inteko – then in 2023 there were noticeably more of them. The industrial zone in Vykhino will be developed by Akvilon, the Vagonoremont site by Alexander Ruchyev’s Osnova Group, and Capital Group will build 63 hectares of the former territory of the MiG plant. But now developers will take a conservative approach to replenishing land banks, says Polina Mitina. According to her, the prospects for demand are not obvious due to the possible cancellation of preferential mortgages next year: against this background, the number of new projects on the market may decrease significantly.

Daria Andrianova