There is only MiG – Newspaper Kommersant No. 21 (7466) dated 02/06/2023

One of the largest sites in Moscow – more than 82 hectares, owned by the MiG Aircraft Corporation and Sukhoi Design Bureau – can be built up by a consortium of large metropolitan developers: PIK Group, LSR, Capital Group, MR Group and Asterus. They have to build 2.7 million square meters. m of various real estate, which may require at least 350 billion rubles. and about 14 years old. Considering the scale of the project, experts believe, other players may also be involved.

According to a Kommersant source in the real estate market, Sergey Gordeev’s PIK group, Andrey Molchanov’s LSR Group, Pavel Te’s Capital Group, Roman Timokhin’s MR Group and Viktor Labuzdko, and Vitaly Mashchitsky’s Asterus can build up 82.3 hectares on the Leningrad Highway. Previously, most of these lands were on the balance sheet of the MiG and Sukhoi Design Bureau, which are part of the Rostec-owned United Aircraft Corporation (UAC). Indirectly, information about the new project is confirmed by data from SPARK-Interfax, according to which five companies created LLC Amigo Holding on a parity basis at the end of January. The developers themselves do not officially comment on the purpose of the joint venture.

The interlocutor of Kommersant, close to one of the participants in the partnership, said that in the next two weeks it is planned to announce the first stage of development of the former territory of the MiG and Sukhoi Design Bureau.

A Kommersant source close to another member of the consortium confirmed that the partners can only develop part of the territory so far, which is currently being discussed with the Moscow City Hall. Capital Group and Asterus declined to comment. In the Moscow City Hall, PIK Group, LSR Group and MR Group did not respond to requests from Kommersant.

In 2021, it became known that Rostec had agreed with the city authorities on the transfer of sites on the Leningradskoye Shosse to the mayor’s office, including for the construction of housing under the renovation program. On this site, it is possible to build 2.7 million square meters. m, of which 1.8 million sq. m – commercial facilities and 900 thousand square meters. m – housing, reported in August 2022 Vedomosti with reference to the protocol of the town-planning and land commission of Moscow.

Prior to the deal with the mayor’s office, UAC tried to independently sell part of the sections of the MiG and Sukhoi Design Bureau. The corporation has announced a tender for the sale of almost 58 hectares at a starting price of 35.5 billion rubles. The structures of O1 Properties became the first contender (see. “Kommersant” dated November 23, 2021). Having received many offers to purchase, the Rostec structure raised the price to 40 billion rubles. But in December 2021, according to “Interfax”the auction was canceled due to lack of bids.

Later, from the messages of the Federal Antimonopoly Service, it turned out that applications for approval of the purchase of this asset were still submitted to the department by LSR, MR Group, Capital Group, Pioneer Group of Companies, Sminex, Ingrad, Stranoy Development, Level Group.

In the north of Moscow, the former territory of the MiG and Sukhoi Design Bureau has no analogues in terms of volume and development potential, so it is not surprising that the site is of great interest to large developers, partner Ricci | M&A Petr Vinogradov.

If developers develop the project in its entirety, then investments in construction will amount to 350 billion rubles, and the proceeds from the sale will be 600–700 billion rubles, Vladimir Sergunin, a partner at Nikoliers, calculated. The implementation of the project will take about 12-14 years, he believes.

Andrey Novikov, Financial and Investment Director of Smart Development Group of Companies, believes that the main goal of developing the territory with the help of several participants is to reduce the project implementation time. The project will be divided between the players not according to the functional principle (design, fundraising, construction, etc.), but according to the territorial principle – each company will be responsible for a certain territory, the expert believes. This, according to Mr. Novikov, does not cancel the possible joint work of the participants, taking into account specialization and expertise in individual objects.

Petr Vinogradov believes that in addition to the original participants, other players can be attracted to such a large project.

Daria Andrianova