The Russian real estate market is not in the best shape. Demand for commercial real estate is decreasing, and tenants prefer to save money and take class B office space instead of the prestigious A-class. Some rentiers are thinking about changing their occupation and are slowly selling out real estate.
However, there are those who are doing well. The list of such "kings" of domestic real estate was compiled by Forbes magazine. Participants are ranked according to real estate income received in 2017.
10. Comprehensive investment
The largest creditors of the company are some of the the most reliable banks in Russia - Sberbank, VTB and Rosselkhozbank.
In 2017, Gorbushkin Dvor, a long-standing and important asset of Complex Investments, passed into the hands of the “pharmaceutical king” Viktor Kharitonin. Thanks to the deal, the Khotin family became richer by half a billion dollars.
9. Absolute
The owner of "Absolute" Alexander Svetakov also owns the insurer "Absolute Insurance" and "North-East Company". Most Russians see its products on holidays, when they buy a jar of red caviar.
As for the real estate business, Absolute is doing excellently here. Last year, the landowner entered into a deal with Metro Cash & Carry to sell a plot of land in the town of Pushkino near Moscow. A new center for small wholesale trade will be built there. The amount specified in the agreement was not disclosed, according to experts it was at least 300 million rubles.
8. GC Regions
A group of companies owned by Amirkhan Mori and Amiran and Alikhan Mutsoev is conducting two important construction projects in Moscow.
One of them is the country's first indoor theme park called Dream Island. As the mayor of the capital Sergei Sobyanin said, "Dream Island" will become the largest indoor amusement park not only in Russia, but throughout the world. The park, designed in the form of a fairytale castle, will be divided into ten thematic zones, where there will be entertainment for both children and their parents. The volume of investments in "Dream Island" amounted to one and a half billion dollars.
The same parks are planned to be built in St. Petersburg and Yekaterinburg, while both projects are at the design stage.
The second project is a shopping center (142.5 thousand sq. M.) And a residential complex (78.7 thousand sq. M.) Near Preobrazhenskaya Square.
And also GC "Regions" will act as an investor and developer the tallest Ferris wheel in Russia and Europe. The attraction will be located at VDNKh, and its height will be 140 meters. For comparison: the height of the largest Russian Ferris wheel of those already built is 83 meters.
7. KR Properties
In 2016, the company, owned by Alexander Klyachin, was ready to conclude a deal for 655 million dollars for the sale of space in the Krasnaya Roza business district with the largest Russian search engine. But Yandex changed its mind and the sale did not take place.
However, KR Properties is doing well without this. European hotels brought it over 24.5 million euros in revenue per year.
6. О1 Properties
The main beneficiary of this investment company is billionaire Boris Mints.О1 Properties deals only with Moscow office real estate, and only premium class properties.
Last year, part of the bonds placed by O1 Group was acquired by FC Otkritie Bank, shortly before its reorganization. He and O1 Group also terminated four loan agreements and eight credit lines ahead of schedule. However, subsequently, FC Otkritie went to court to challenge the deal. The bank considered that due to the "concerted actions of the defendants" it lost collateral in the amount of over 30 billion rubles.
5. Crocus group
In 2017, the Russian holding, owned by Araz Agalarov, opened two real estate objects at once - Your House Kuntsevo (35 thousand sq. M) and Vegas Kuntsevo (288 thousand sq. M).
For 2018 and the next years, Crocus Group has big plans: the holding is working on the construction of a 118-kilometer section of the Central Ring Road in the Moscow region and is creating a project for an automobile bridge with two one-way lines, passing through the Moskva River and overlooking the Volokolamskoe highway. The construction of the Central Ring Road section is planned to be completed by the World Cup.
4. Safmar
Due to its wide range of activities, this industrial and financial group is one of the largest employers in Russia. About 50 thousand people work at its enterprises.
Agreement on the transfer of about 120 thousand km by Safmar. m. of land for lease to Gazprombank became one of the largest transactions in the Russian office market last year. The estimated annual lease amount will be from 402 to 540 million rubles.
3. Tashir
One of the leaders of Russian commercial real estate does not care about the crisis. While others were selling their assets, the Tashir company opened 6 retail stores under the One Way brand in Yerevan. And by 2020 it plans to complete construction of an intercity bus station in Moscow. It will be located near the Seligerskaya metro station.
2. IKEA Mos
On the second line in the list of the richest real estate owners in Russia in 2018 is a representative of the IKEA Centers group. This group is one of the top 5 largest European retail real estate developers.
In 2022, an IKEA hypermarket will be built in Tyumen. So far, there are 14 stores under the IKEA brand in Russia.
1. Kievskaya square
The undisputed leader among the players in the Russian real estate market according to Forbes. The main income of the company comes from the hotel business and the rental of retail space. Markets, perhaps well-known to every Muscovite: "Gardener", "Moscow" and "Food City" belong to "Kievskaya Ploschad".
The company recently bought a land plot in Khimki, where the Food City 2 agricultural cluster will be built. The hotel "grounds" of "Kievskaya Ploschad" are also expanding, including a hotel on Novy Arbat and a hotel complex in the historic Moscow district of Zaryadye.
In addition, the company intends to spend about $ 400 million on the reconstruction of the Olimpiyskiy sports complex.