1. About PIK Grouppik-group.ru.media.pik-service.ru/attachment/... · №1 by total housing...
Transcript of 1. About PIK Grouppik-group.ru.media.pik-service.ru/attachment/... · №1 by total housing...
1. About PIK Group
2
RuBBB+
Russia’s leading residential real estate developer
3
2 059th. sqm.
№1 by total housing completions
5 322th. sqm.
№1 by current construction volume
3 578 mln $
№1 by market capitalization among public developers
№1By operational cash flow Highest level among developers on
the ACRA rating scale
RuА-ExpertRA rating
BStandard and Poor’s rating
*Source: https://erzrf.ru/, Company data
Company history
4
Implementation of PIK Group
1994
The company carried out a successful IPO on the London Stock Exchange, MICEX and RTS
2007
Real estate market starts to recover. PIK Group contract sales reach pre-crisis
volumes at 658 th. sqm.
2012
The launch of fundamentally new product and series of houses with improved characteristics and consumer properties
Modernization of production capacities
The launch of brand new sales and customer service technologies
2015
Rapid expansion in the Moscow Metropolitan Area, Start of sales in other Russian regions.
Acquisition of industrial production capacities
2001-2006
Change of shareholders of PIK, including the acquisition by Sergey Gordeyev of a 29% stake in the Company
The arrival of the new management team and the establishment of the new business strategy
2014
Increase in the share of S. Gordeev to a controlling stake (74.6%)
VTB Bank becomes a portfolio investor (7.6%)
Achieving record operational indicators for sales contracts and completions
2017
Increase in operating performance indicators and acquisition of new projects
Decrease in net debt to negative values
Absorption of the main competitor in the Moscow region
2016
Corporate governance
5
Annual general shareholder meeting
Personnel and remuneration committeeBoard of Directors
Executive bodies
Audit and risk committee
Strategy committee
Management Board
President (CEO)
Disclosure committee
Investment committee
Shareholder structure
Free float17,8 %
VTB Bank7,6 %
S. Gordeev74,6 %
Board of Directors
6
Alexander Varennya Independent Member of the board of Directors
Zumrud Rustamova Independent Member of the board of Directors
Aleksei Blanin Independent Member of the board of Directors
Alexandr Prygunkov Member of the board of Directors
Ilya Balandin Member of the board of Directors
Maxim Alperin Member of the board of Directors
Aleksey Karpenko
Chairman of the board of
Directors
Georgy Figin Member of the board of Directors
Vladislav Sviblov Member of the board of Directors
Management
7
Sergei Gordeev President
Alexandr Prygunkov First vice-president Operational Director
Наталья Семикова Вице-президентпо исходно-разрешительной документации и земельно-имущественным отношениям
Aleksey Almazov Vice-president for engineering
Stanislav Kondratyev Vice-president Director of product department
Denis Ivakin Vice-president - director of the design department
Alexander Titov Vice-president for economics and finance - financial director
Vyacheslav Borisenkov Vice-president for general affairs
Gennady Rosso Vice-president Director of sales department
Ilya Tikhomirov Director of the IT department
Alexey Zolotarev Vice-president for development of land assets
Ivan Polandov Vice-president Director of Moscow Directorate
Alexey Kozlov Vice-president Director of Moscow Regional Directorate
Alexander Lefel Vice-president For regional development
Elbrus Gobeev General Director of PIK-Industries
Acquisition Permits Design Development and construction Sales
9-12 months
36 months
Development cycle
8
• Acquisition of the project
• Planning
• Construction permit
• Construction
• Sales
• Statement of conformity
• Ownership registration rights
• Issuing keys
12-18 months 3 months
24-33 months
Before
Now 24-32 months 6 months
66-74 months
Balance of all stages of the development cycle (2017)
Put on sale Sold Completed
2,1 th. sqm. 1,8 th. sqm. 2,0 th. sqm.
2. 1H2018 financial results
1H2018 revenue by segments
10
Revenue from development, RUB mln
1H2017 1H2018
87 061
35 299
1H2017 1H2018
3 2862 399
Other revenue, RUB mln
1H2017 1H2018
90 347
37 698
Total revenue, RUB mln
*Source: IFRS
140%147%
37%
*The growth s partly due to the application of the new IIFRS 15 standard to the first half of 2018 results. The comparative information for the first half of 2017 was not restated
** For reference: Results for 2017, it they were converted to IFRS 15, can be found on slide 35
1H2017 1H2018
2 192
5611H2017 1H2018
16 151
6 677
32%
33%
142%
1H2018 Gross profit
11
Gross profit for sales accounted for at historical value, RUB mln
Gross profit for sales accounted for at fair value, RUB mln
6%
*Source: IFRS
Total gross profit RUB mln
1H2017 1H2018
18 331
6 936
18%
20%
164%
4%
*The growth s partly due to the application of the new IIFRS 15 standard to the first half of 2018 results. The comparative information for the first half of 2017 was not restated
** For reference: Results for 2017, it they were converted to IFRS 15, can be found on slide 35
1H2017 1H2018
19 074
5 565
21%
243%
15%
1H2017 1H2018
315
-2 519
1H2018 EBITDA and net profit
12
Net profit, RUB mln
*Source: IFRS
Adj. EBITDA, RUB mlnAdj. EBITDA excluding cost of land, RUB mln
1H2017 1H2018
10 446
2 625 7%
298%
12%
*The growth s partly due to the application of the new IIFRS 15 standard to the first half of 2018 results. The comparative information for the first half of 2017 was not restated
** For reference: Results for 2017, it they were converted to IFRS 15, can be found on slide 35
1H2017 1H2018
18 617
14 901
1H2018 operational cash flow
13
Operational cash flow before income tax and interest paid and before acquisitions and sale of development rights and land plots and prepayment for development rights, RUB mln
1H2017 1H2018
26 108
22 969
Net operational cash flow, RUB mln
1H2017 1H2018
2 052
12 100
Operational cash flow before before acquisitions and sale of development rights and land plots and prepayment for development rights, RUB mln
*Source: IFRS
14%
25%
-83%
Cash position and leverage as of 30.06.2018
14
*Source: IFRS
31.12.2017 30.06.2018
60 486
75 600
Debt management principles
1. Deleveraging
2. Debt curve extension
3. Increasing the share of unsecured debt in debt structure
3. Optimizing the cost of funding
Total debt, RUB mln.
31.12.2017 30.06.2018
15 37715 034
31.12.2017 30.06.2018
60 223
45 452
Cash and equivalents RUB mln.
Net debt, RUB mln.
25%
33%
2%
In August 2018 the Group has made a full early repayment of three issues of bonds
in the amount of RUB 9 340 mln.
3. 1H2018 operational results
Real estate contract sales performance 1H2018
16
1H2017 1H2018
843771
1H2017 1H2018
88,078,9
Real estate contract sales, тh. sqm. Real estate contract sales, RUB bn
*Source: management accounts
1q2017 2q2017 3q2017 4q2017 1q2018 2q2018
43,744,3
63,1
47,9
4038,9
1q2017 2q2017 3q2017 4q2017 1q2018 2q2018
413430
608
460
391380
9% 14%
Cash collections 1H2018
17
Total cash collections, RUB bn
1П2017 1П2018
111,1
94,4
1q2017 2q2017 3q2017 4q2017 1q2018 2q2018
54,157,0
71,3
50,449,544,9
*Source: management accounts
18%
1П2017 1П2018
871
1080
Buildings put on sale 1H2018
18
1П2017 1П2018
36
52
Number of buildings put on sale Buildings put on sale, th. sqm.
*Source: management accounts
-16
-19%
Sales through mortgages
19
Share of mortgage sales 2017 - 1H2018 monthly Average mortgage interest rate in Russia, %
January February March April May June July August September October NovemberDecember January February March April May June
65 %65 %66 %67 %65 %65 %64 %64 %63 %
60 %62 %
58 %60 %
57 %59 %60 %
54 %
48 %
Januar
y 20
16
May
2016
Septem
ber 2016
Januar
y 20
17
May
2017
Septem
ber 2017
Januar
y 20
18
June 2
018
12,9
12,5
12,1
12,9 12,913,1
12,9 12,812,7
12,5 12,412,2
11,5
11,8 11,911,7
11,4 11,311,1
10,9
10,6
10,1 10,09,8 9,8 9,9 9,8
9,6 9,6 9,6
2014 2015 2016 2017 1H2018
65 %60 %50 %
39 %36 %
Average project profitabilityShare of mortgage sales
*Source: management accounts, CBR
Moscow 30 %
New Moscow 20 %
Moscow region 20 %
Other regions 15 %
4. Project portfolio summary
Federal player
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Obninsk
Kaluga
Moscow
Perm
Yaroslavl
Rostov-on-Don
Novorossiysk
Ekaterinburg
Saints-Petersburg
RegionUnsold ared, th. Sqm Market value, RUB bn
Moscow Metropolitan area 9 933 212,2
Novorossiysk 334 1,7
Ekaterinburg 295 1,4
Yaroslavl 241 1,0
Rostov-on-Don 213 2,2
Saints-Petersburg 177 4,0
Kaluga 168 1,4
Obninsk 132 0,9
Perm 4 0,2
Total 11 497 225,0
*Source:: CW
Key projects in Moscow and Moscow region
22
1
6
9
2
5
7
33
10
4
11
12
8
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
*Source:: CW
Project name Unsold ared, th. Sqm Market value, RUB bn1 Ilyinskie Luga 1 347 5,7
2 Salaryevo-park 1 246 39,2
3 Vostochnoe Butovo 770 6,2
4 Yurlovo 711 1,7
5 Buninskie Luga 609 19,6
6 Odintsovo-1 555 3,7
7 Butovo-park 453 5,0
8 Izmaylovsky les 352 4,9
9 Serednevo 350 5,7
10 Zhulebino-park 308 6,2
11 Mytishi, Yaroslavsky 296 1,6
12 Lyubertsi-park 271 4,6
13 Lyuberetsky 245 4,4
14 Polyarnaya 236 9,2
15 Green Park 233 12,0
16 Myakinino 223 3,5
17 Kuntsevo-park 175 7,4
18 Meschersky les 175 5,7
19 Stolichniye polyani 141 1,8
20 Kuntsevo 134 15,1
21 Yasenevaya 123 4,6
22 Zhemchizhina Zelenograda 112 2,5
23 Putilkovo 110 3,4
24 Mitino-park 109 4,1
25 Lefortovo-park 97 6,8
26 Rimskogo-Korsakova 11 95 4,9
27 Kuskovskaya 72 1,5
28 Izmaylovsky proezd 5a 59 3,4
29 Orange park 46 0,4
30 Vlyublino 40 1,3
31 Solntsevo-park 30 1,4
32 Butovo-park 23 0,3
33 Chernyahovskogo 19 20 1,4
34 Annino-park 16 0,5
35 Severny 14 0,1
36 Mosfilmovsky 11 2,1
0
3 500
7 000
10 500
14 000
2012 2013 2014 2015 2016 2017
1 565
1 688
1 3471 516
2 8221 984
5 698
5 765
1 674
1 8632 132
2 665
4 2345 059
2 4551 7821 9681 888
Moscow Moscow region Other regions
0
75
150
225
300
2012 2013 2014 2015 2016 2017
12,99,8
5,8
5,89,3
10,2
58,655,1
15,1
20,225,9
25,7
153,5152,2
79,7
57,86052,6
Moscow Moscow region Other regions
Land bank dynamics
23
*Source:: CW
Unsold area, th sqm Market value, RUB bn
65376537
5161
88,5
12 512
11 497
95,283,8
100,6
217,1225,0
5467
Project portfolio pipeline
24
14 %
50 %
37 %
Moscow Moscow region Other regions
6 %
26 %
68 %
Land bank breakdown by region, %
Unsold area Market value
Land bank as of 31.12.2016 Acquired Sold Plannings change Land bank as of 31.12.2017
12 512
+ 1 019- 1 884
- 150
11 497
*Source:: CW, management accounts
1,5 mln sqm
4,2 mln sqm
5,7 mln sqm
58,6 RUB bn
153,5 RUB bn
12,9 RUB bn
5. Company transformation
Investing in operational efficiency and Company transformation
26
SalesProcurementManagementProduct
1. Introduction of technology for managing the process of creating and developing products aimed at:
- Increase the speed of innovation implementation
- Cost control
2. Transformation of the design process:
- Technology and design speed
- Digitalizing control and tracking of design progress
- Introduction of IT-programming technologies
1. Digitalization and creation of a platform for project and construction management at all stages of execution and supply chains
2. Industrialization of construction and investments in «prefabricated" technology to reduce the time and cost of construction and improve the quality level
3. Uberization of the construction management process and reduction of the number of levels of management for construction participants
1. Developing of long-term relations with production plants and contractors
2. Reducing the number of participants in supply chains - excluding intermediaries. Creation of an IT platform for management of the supplier-contractor-developer scheme
3. Consolidation of procurement and supply management for construction companies
4. Investments in the training and effectiveness of building contractors
1. Digitalization of sales and omnichannel interaction with customers
2. Technology of the sales process: efficiency and speed
3. Customer service and interaction at all stages - from the sale of an apartment to giving the keys
4. The introduction of technology NPC and Customer Journey
Appendix
1. Market overview
Dynamics of interest rates and mortgage market
29
Dynamics of monthly change in the average mortgage housing loan in the Russian Federation, RUB mln
*Source: https://erzrf.ru/
Jan. 17 Feb. 17Mar. 17 Apr. 17 May 17 Jun. 17 Jul. 17 Aug. 17Sep. 17Oct. 17Nov. 17Dec. 17 Jan. 18Feb. 18Mar. 18Apr. 18May 18 Jun. 18
1,671,69
1,71 1,72 1,731,75
1,73 1,74 1,751,78
1,801,82
1,77
1,82
1,861,89 1,90 1,91
1,78 1,791,82 1,83 1,84
1,861,83
1,851,87
1,89 1,901,92
1,901,94
1,98 1,99 1,992,01
1,97
2,01
2,08 2,082,10
2,12
2,08 2,09
2,152,18 2,18
2,20
2,242,26
2,31 2,312,28
2,35
Mortgages issued secured by DDU Martgages issued, total Mortgages issued secured by complete estate
Forecast of the dynamics of the average weighted interest rate of the secured by DDU, depending on the Central Bank's key rate and inflation
Key rate
Average mortgage rate
Yearly inflation
Dynamics of changes in the key rate and volume of lending
30
*Source: https://erzrf.ru/
Dynamics of changes in the weighted average price of apartments in new buildings in the Russian Federation, RUB/ m²
Dynamics of the key rate of the Central Bank and the volume of issued housing loan
Mortgage volume
Key rate
%
RU
B b
ln
January February March April May June July August September October November December
2,72,8
1,3
2,22,42,2
2,7
12,3
3,43,53,83,8
3,0
3,8
2,22,1
2,82,62,9
12,3
4,3
3,5
4,2
3,23,2
3,9
2,02,4
3,02,6
3,7
2016 2017 2018
Dynamics of construction in Russian Federation
31
*Source: https://erzrf.ru/
1 quarter 6 months 9 months FY
13,6
7,3
45,9
27,1
16,5
8,3
48,4
28,3
17,7
9,3
2016 2017 2018
Dynamics of completions of apartment buildings ,accumulated total in Russia, mln. sqm
Dynamics of completions of apartment buildings, monthly in Russia, mln. sqm
1 quarter 6 months 9 months FY
166 751
78 059
312 164
209 144
127 489
55 091
305 589
214 354
141 395
79 078
2016 2017 2018
January February March April May June July August September October November December
28 81429 21130 66729 990
27 033
21 036
38565
3296931486
29878
27648
241292445923467
2447224226
16670
14195
36 970
28 389
25 87626 987
24 777
21 19521 613
19 187
21 517
23 353
40 150
15 565
2016 2017 2018
Dynamics of issued mortgage under DDU, accumulated in Russia Dynamics of issued mortgage under DDU, monthly in the RF
Renovation
32
• 26.04.2017 г. – Moscow's budget for 2017 was increased by 96.5 billion rubles to carry out preparatory activities: the formation of land
plots, the preparation of additional sites, the implementation of pre-design and design work
• 17.05.2017 г. – The Moscow City Law "On Additional Guarantees of
Housing and Property Rights of Physical and Legal Persons in the Implementation of Renovation of Housing in Moscow"
• 01.07.2017 г. – Federal Law No. 141-FZ was adopted to regulate the renovation of the housing stock in the city of Moscow
• 01.08.2017 г. – the Resolution of the Government of Moscow No. 497-
PP "On the program of renovation of the housing stock in Moscow" was adopted
• 1Q 2018 - 90 tenders for the design of the first stage of renovation in the amount of about 1 million m²
Background
• As of April 15, 2018, tenders were held for the design of 1.4 million square meters. m.
• 4Q 2018 - start of the construction of the 1st stage of renovation projects
• 2 half 2020 - 1 half 2021 года – completion of houses of the 1 wave of renovation and implementation of the 1st stage of resettlement
Next steps
1. Development and construction competencies, involvement of the management team of PIK Group
2.Construction and "design" capacities
• DSC and the Construction Industry (including monolithic technologies) of
PIK Group are named by the city as eligible suppliers
• PIK won 6 contests for the design of about 106 thousand m²
PIK participation
New law 218-FZ: PIK Group position
33
As a result of major acquisitions of assets in 2016, PIK has a
long-term reserve of a land bank for which construction
permits have already been received or can be received by
the end of June 2018, which will allow the business model to
be fully retained for these projects.
Land bank reserve
PIK Group has its own production facilities and advanced
construction technologies, which ensures a high degree of
industrialization of production and, therefore, the shortest
possible time for completing houses.
At the moment, the average term for the construction of
houses is 1.5 - 2 years, but taking into account the
continuous optimization of all stages of business processes,
the target construction period can be reduced to less than
1.5 years.
High speed of construction
Levels of credit ratings of PIK Group allow to attract unsecured debt financing to the level
of a holding company.
The last issue of PIK Group's bonds in the amount of 7 billion rubles was carried out after
the new regulation came into force, the maturity is 10 years, with the Issuer's right to repay
the issue ahead of schedule in full or in part during the circulation period.
Assignment of the ACRA rating at the level of BBB + and the revision of the negative
outlook of the S & P to a stable one were also made taking into account the new
regulatory field.
Access to unsecured financing
PIK Group also has long-term partnerships with Russian banks, both in terms of corporate
financing and in the field of mortgage lending.
Banks that provide mortgage financing during the construction phase actually assume the risk
of completion of construction and impairment of collateral.
At the same time, the percentage of penetration of mortgages into sales of PIK Group is
currently much higher than the average market, in recent months has exceeded 60%. Mortgage
lending is present at all sites, and accreditation of new projects of PIK Group is made by the
majority of partner banks in an automatic mode.
In 2017, at the expense of loan funds from partner banks, sales of PIK Group for more than 87
billion rubles were financed.
Large-scale positive experience of risk assessment of projects by banks
The organizational structure of the PIK Group includes over
250 legal entities, new projects are implemented on the
balance of individual SPVs.
In this regard, the new regulation will not lead to a
significant change in the group's tax burden.
PIK organizational structure
2. IFRS accounts
For reference: the impact of IFRS 15 application on the results of 2017
35
Adj. EBITDA, RUB mln
2017 2017 new standard
28 206
15 648
2017 2017 new standard
8 592
3154
Net profit, RUB mln
2017 2017 new standard
246 602
175 134
Total revenue, RUB mln
*источник: МСФО, данные компании
41%80%
172%
Consolidated statement of financial position
36
ASSETSJune 30, 2018 December 31 , 2017
Non-current assets
Property, plans and equipment 24 913 23 524
Intangible assets 866 779
Investment property 18 217 23 690
Equity accounted investees 490 496
Other investments 351 395
Trade and other receivables 1 461 1 531
Other assets 943 -
Deferred tax assets 8 110 7 397
Total non-current assets 55 351 57 812
Current assets
Inventories 196 444 243 783
Other investments 626 361
Income tax receivables 2 108 1 160
Trade and other receivables 37 899 29 620
Cash and cash equivalents 60 223 45 452
Total current assets 297 792 320 376
Total assets 353 143 378 188
EQUITY AND LIABILITIES
Equity
Share capital 41 295 41 295
Additional paid-in capital (8 470) (8 470)
Retained earnings 28 080 22 788
Total equity attributed to owners of the Company 60 905 55 613
Non-controlling interests 626 535
Total equity 61 531 56 148
Non-current liabilities
Loans and borrowings 64 037 44 702
Financial instruments measured at fair value through profit and loss
1 676 997
Trade and other payables 9 190 10 160
Deferred tax liabilities 13 509 13 365
Total non-current liabilities 88 412 69 224
Current liabilities
Loans and borrowings 11 563 15 784
Trade and other payables 174 884 214 912
Provisions 15 647 20 544
Income tax payable 1 106 1 576
Total current liabilities 203 200 252 816
Total liabilities 291 612 322 040
Total equity and liabilities 353 143 378 188
Debt
37
June 30, 2018 December 31 , 2017
Loans and borrowings, current 11 563 15 784
Loans and borrowings, non-current 64 037 44 702
Total debt 75 600 60 486
Cash and cash equivalents (60 223) (45 452)
Net debt 15 377 15 034
EBITDA
38
1H2018
1H
2017
Profit for the period 315 (2 519)
Plus: Depreciation of PP&E and amortization of intangible assets 952 708
Plus: Interest expense 4 433 5 706
Plus: financial component 5 987 -
Less: Interest income (1 446) (1 804)
Plus: Income tax expense 99 (737)
EBITDA 10 340 1 354
Minus: adjusted discount in the revenue (1 540) -
Impairment loss/ (reversal of impairment loss), net 507 516
Change in fair value of investment property (16) 416
Impairment loss on financial assets, net 393 197
Write-off of accounts payable - 11
Foreign exchange (gain)/loss, net (180) (472)
Loss on disposal of PP&E 45 479
Gain from disposal of subsidiaries, development rights and subsidiaries 290 (9)
Penalties and fines, including provision for litigation and claims 748 1 169
Write-off of other materials 19 48
Other financial income (160) (27)
Gain from change in terms of a long-term financial liability - (1 057)
Adjusted EBITDA 10 446 2 625
Cost of land plots included in the cost of sales 3 600 775
Cost of projects accounted for at fair value, included in the cost of sales 5 028 2 165
Adjusted EBITDA excluding cost of land 19 074 5 565
Operational cash flow
39
1H2018 1H2017
5129 610
Changes in:
Inventories before acquisitions and sale of development rights 9804 (21 144)
Trade and other receivables excluding prepayments for development rights and land plots (3 936) (2 059)
Trade and other payables 21 025 46 250
Provisions for cost to complete (5 914) (688)
Cash flow form operations before income taxes and interest paid and before acquisitions and sale of development rights and prepayments for development rights and land plots
26 108 22 969
Income taxes paid (3 840) (3 305)
Interest paid (3 651) (4 763)
Cash flow form operations before acquisitions and sale of development rights and prepayments for development rights and land plots
18 617 14 901
Acquisition, sale and prepayments for development rights (16 565) (2 801)
Net cash from operating activities 2 052 12 100
Consolidated statement of profit and loss
40
1H2018 1H2017
Revenue from sale of real estate objects accounted for at historical cost 49 496 20 627
Revenue from sale of real estate objects acquired through business combinations and recognized at fair value at initial recognition 37 565 14 672
Other revenue 3 286 2 399
Total revenue 90 347 37 698
Cost of sales of real estate objects accounted for at historical cost (33 345) (13 950)
Cost of sales of real estate objects acquired through business combinations and recognized at fair value at initial recognition (35 373) (14 111)
Cost of other sales (3 298) (2 701)
Cost of sales (72 016) (30 762)
Gross profit of sales of real estate objects accounted for at historical cost 16 151 6 677
Gross profit of sales of real estate objects acquired through business combinations and recognized at fair value at initial recognition 2192 561
Gross profit of other sales (12) (302)
Gross profit 18 331 6 936
Gain on disposal of subsidiaries and development rights, net (290) 9
Distribution expenses (2 621) (2 317)
Administrative expenses (4 315) (3 846)
Decrease in fair value of investment property 16 (416)
Impairment (loss)/ gain, net (507) (516)
Other expenses, net (1 273) (1 548)
Results from operating activities 9 341 (1 698)
Finance income 1 878 3 812
Finance costs (4 811) (6 244)
Financial component (5 987) -
(Loss)/profit from financial activities (8 920) (2 432)
Share of loss of equity accounted investees, net of income tax (7) (27)
Profit before income tax 414 (4 157)
Income tax expense (99) 737
Profit and total comprehensive income for the year for continued operations 315 (3 420)
Profit and total comprehensive income for the year for discontinued operations (excluding income tax expense) - 901
Profit and total comprehensive income for the year 315 (2 519)
3. Key projects
Salaryevo-park
42
Residential area "Salaryevo Park" is located in the south-west of
Moscow, just 500 meters from the "Salaryevo" metro station. The
large-scale project will be built in several stages and will include not
only residential buildings, but all necessary infrastructure:
kindergartens, schools, clinics and parking lots.
The green courtyard-parks, free from cars, will be equipped with
children's and sports grounds, as well as places for rest. In walking
distance from the district is the Ulyanovsk forestry, and in five minutes
drive are large shopping centers.
UNSOLD AREA,
THOUSAND М2
MARKET VALUE,
RUB BILLION
STATUS
1 246 39,2 On sale
Green Park
43
Residential area Green Park is located in a picturesque area near the
metro stations "Otradnoe" and "Botanical Garden". The district's own
infrastructure includes 3 kindergartens, a school, a clinic and parking
lots. The ground floors of the houses will accommodate shops and
service companies. Nearby there are hypermarkets "Auchan",
"Carousel", "Golden Babylon". In a 10-minute walk are the Sviblovo
manor and the Main Botanical Garden of the Russian Academy of
Sciences.
The cozy courtyards of the district are free from cars and completely
equipped for the people. Inside is a wide promenade, leading to the
central square with a rest area. All this will allow you to spend more time
in the fresh air and enjoy nature. Modern architecture and carefully
thought out details will make your life here comfortable and pleasant.
UNSOLD AREA,
THOUSAND М2
MARKET VALUE,
RUB BILLION
STATUS
233 12 On sale
Meschersky Les
44
The residential complex "Meshchersky Les» is a return to nature. We allocated
a whole block in a picturesque area in the west of Moscow between the
Borovskoye highway and the well-groomed Meshchersky park. The complex
consists of 6 blocks with a height of 14-25 floors with green courtyards.
Facades of houses are with bright ceramic tiles.
The picturesque courtyards of the residential complex are free of cars
and completely given to people. A wide promenade will connect them. All this
will allow you to spend more time in the fresh air and enjoy nature every day.
And modern architecture and carefully thought-out details will make your life
here comfortable and pleasant.
The complex will be provided with its own infrastructure. Here there are 2
schools, 2 kindergartens and several land parking lots. The ground floors will
hold shops, cafes and other services.
UNSOLD AREA,
THOUSAND М2
MARKET VALUE,
RUB BILLION
STATUS
175 5,7 On sale
Odintsovo-1
45
A new comfort class residential area "Odintsovo-1" is located in the southern part
of the city of Odintsovo, Moscow region, 10 km from MKAD along the Minsk
highway. The large-scale concept of the district development provides for the
creation of a harmonious urban environment, perfectly adapted for work and
leisure. The key advantages of the district are:
The area is connected with Moscow by a number of bus routes
from the metro station "Molodezhnaya", «Park Pobedy" and «Yugo-Zapadnaya". In
a 10-minute walk is the Vnukovo train platform. By train in 30 minutes you can
get to the Kievskaya railway station.
In a 10-minute walk from the district is a large Ulyanovsk forest park. Also nearby
are Podushkinsky, Meshchersky Forest Parks and Bakovoye Forestry. In the area
itself will be realized the ecological concept of "yard without cars", recreational
boulevards and a quay along the pond are arranged.
UNSOLD AREA,
THOUSAND М2
MARKET VALUE,
RUB BILLION
STATUS
555 3,7 On sale
Buninskie Luga
46
Residential area "Buninskie Luga" is located in New Moscow near the
"Buninskaya Alleya" metro station. The development of the project
"Buninskie Luga" includes the construction of schools, kindergartens,
clinics, shopping centers and parking lots. The school and
kindergarten have already been put into operation.
On the ground floors of the houses are shops and service
enterprises. Near the residential area are MEGA shopping mall,
hypermarkets Auchan, OBI, IKEA store.
UNSOLD AREA,
THOUSAND М2
MARKET VALUE,
RUB BILLION
STATUS
609 19,6 On sale
Mitino Park
47
The residential complex "Mitino Park" is located in the Krasnogorsk district of the
Moscow region, 10 minutes walk from the metro station "Mitino", close to the
north-west of Moscow, the Mitino district. The road to the center of Moscow
takes no more than 30 minutes. The complex includes a school, a kindergarten
and an underground parking.
The surrounding area has everything necessary for a comfortable life. In walking
distance are a kindergarten and a school. In close proximity are shopping and
entertainment centers "Crocus City Mall", "Your Home", "Wei-Park", "Mega-
Khimki". For families who prefer active recreation, the slope of the ski complex
"Snezkom" is open all year round. A 10-minute walk from the residential complex
is the Mitino Landscape Park. The territory of the park is characterized by a
diverse layout: high hills are replaced by spacious valleys.
UNSOLD AREA,
THOUSAND М2
MARKET VALUE,
RUB BILLION
STATUS
109 4,1 On sale