Briefcases are stuffed with earth – Newspaper Kommersant No. 236 (7437) of 12/20/2022

The decrease in demand for new buildings does not reduce the interest of developers in new sites. Thus, Roman Avdeev’s Ingrad Group acquired almost 6 hectares in the south of Moscow for the construction of 141 thousand square meters. m of housing, the proceeds from the sale of which is estimated at more than 40 billion rubles. It will be difficult to achieve the desired sales in the conditions of higher rates on preferential mortgages, experts say.

Ingrad Group of Companies Roman Avdeeva bought a plot of 5.78 hectares between the Moskva River, Tyufeleva Roscha Street and Likhachev Avenue in the south of Moscow, Kommersant was told in the group itself. According to the representative of Ingrad, a residential complex for 141 thousand square meters will be built on the site. m and social infrastructure. It is also possible to create a multifunctional office center for 1,000 jobs.

Two plots with a total area of ​​2.5 hectares as part of the new Ingrad site belong to Khimpromservis LLC, follows from SPARK-Interfax data. Khimpromservis is owned by NPO Geliymash JSC and ZPIF Energia-N managed by OOO Management Company Finansovaya Osnova by Alexey Domanov and Alexey Kvitsiniya. In 2020, NPO Geliimash and Finansovaya Osnova sold Ingrad a site on Luzhnetskaya Embankment in the center of Moscow, where the mayor’s office approved the construction of 180,000 sq. m. m of housing. And at the end of 2021, according to sources of Kommersant, Ingrad purchased from Financial Foundation 65 hectares in the village of Bulatnikovo, Leninsky district, Moscow region. In the “Financial Basis” to the questions of “Kommersant” did not answer.

The new Ingrad site, taking into account the ready-made initial permits for construction, could cost 4.5-5 billion rubles, Timur Ryvkin, director of the land development department at Nikoliers, calculated. According to his estimates, the developer will need 13-15 billion rubles for construction, and 40-42 billion rubles can be earned from the sale of housing in the project. But the competition is quite high in the location. Olga Shirokova, Regional Director of the Consulting and Analytics Department at NF Group, recalls that the complex development of the Zilart residential quarter is underway here, the Forma project and the Insider complex, which was launched this fall, are being implemented. Marina Gordeeva, director of strategic consulting department CORE.XP, estimated the cost of building a business center at 1.2 billion rubles. The area has been filled with new offices in recent years, she added.

According to CORE.XP forecasts, in 2022, developers’ investments in construction sites may decrease by 34%, to RUB 140 billion, due, among other things, to a decrease in demand for new buildings. According to Dataflat.ru, in January-November 2022, 5.8 million sq. m of apartments and suites, which is 24% less than a year earlier. The total revenue of Moscow developers decreased over this period by 11%, to 1.47 trillion rubles, calculated in CIAN.

Experts do not expect improvement in the situation in 2023. Preferential mortgages at 8%, which will be in effect from the beginning of 2023, will support the market at a viable level, but it alone will not provide the desired indicators, points out Irina Dobrokhotova, chairman of the board of directors of Best Novostroy. In her opinion, for a full-fledged growth in demand, an economic recovery is needed, an increase in the income of the population, etc.

According to Ms. Dobrokhotova, some large developers are now making a “strategic reserve”, replenishing their portfolio with sites. If demand for housing grows, companies will be interested in new projects, and if sales fall, small players will sell the accumulated assets more viable, she believes. On the whole, the expert believes, active trade in construction sites is ensured for the Moscow market in the coming years.

Daria Andrianova