Rosbank left Domodedovo. The bank sold former lands of the bankrupt SU-155

Rosbank, which provided loans to SU-155 Group, six years after the bankruptcy of the developer managed to sell the company's last assets in Domodedovo, Moscow Region. More than 150 hectares were bought by Tyumen Strana Development, another 31 hectares were bought by Moscow Region developer SAS. The interest of developers in the Moscow Region is quite understandable: with the high cost of housing in Moscow potential buyers may be reoriented towards buying housing in new buildings in the region. As Kommersant found out from the USRN data, 152 hectares in Domodedovo were transferred to LLC "Specialized Developer "Na Minskaya". According to Kartoteka.ru, the beneficiaries of this company through a chain of legal entities are in equal shares the owners of the Tyumen developer Strana Development, Alexander Gaidukov and Igor Butakov. Another 30.8 hectares were purchased by LLC Stroitelno-investitsionnaya kompaniya SAS (developer of Residential Complexes "VLubertsy", "Andreevskiy Kvartal" and "Moscow Nights"), follows from USRN. In "Strana Development" and the founder of SAS Nikolai Pozdnyakov confirmed information on the transactions. Originally these lands belonged to LLC "Shatovo", which was controlled by SU-155 group. Created in 1993 by Mikhail Balakin, the company was one of the largest in the market of new buildings in Moscow and the Moscow region and erected 1.5 million square meters of housing and commercial real estate annually. In 2015 the developer was declared bankrupt. Strana Development reported that they plan to build a residential complex with retail and household infrastructure on the purchased site. SAS will also build housing in Domodedovo, but so far the parameters of the project are coordinated with the local authorities, says Nikolay Pozdnyakov. In the court ruling during the bankruptcy of Shatovo LLC in 2015, the market value of both sites owned by SU-155 in Domodedovo was estimated at 2.05 billion rubles. Now their total price may be about 1.5 billion rubles, thinks Maxim Leshchev, CEO of Geo Development. It is possible to build about 1,3 million square meters of housing, the cost of which will be about 57 billion rubles, and revenue - 115 billion rubles, as estimated by managing partner of "Metrium" Nadezhda Korkka. Construction will take at least 10-15 years, so it is possible that new owners will decide to involve other players in the partnership, says Igor Talalov, the analyst of Accent Capital Department of Residential Real Estate. Moreover, in this location is much more profitable to divide the site into several projects, which will be responsible for developers from different segments, adds the general director of ILM Ivan Ivliev. However, according to the territory planning, it is planned to build a traffic intersection on the site of "Strana Development", which will take not less than 70 hectares, which will greatly reduce the amount of housing construction, Mr. Leshchev specifies. In addition, high prices in Moscow provide an opportunity to develop projects located further 20 km from the MKAD, says Igor Talalov. "The level of real income of most of the population continues to stagnate, while the growth of real estate prices outpaces inflation," he adds. According to Alexander Pypin, CEO of Dataflat.ru, the price of new buildings in Moscow in August 2021 rose by 55%, to 309 thousand rubles per 1 sq.m. compared to August 2019. At the same time, the expert compares, in Moscow suburbs the price went up by 48%, to 139 thousand rubles per 1 sq.m. So far, agrees Igor Talalov, the prices in the region remain affordable to potential buyers.