The Nevsky Capital Partners fund has decided to suspend a developer project on Petrovsky Island and is selling its land there. As Vedomosti newspaper reports with reference to Lidia Tumantseva, a spokeswoman for Lenstroymaterialy company that established the fund for the project, a deal on sale of 40 ha of land where Diamond ship-building company and Bavaria brewery are located can be completed within days. It is worth mentioning, two years ago Lenstroymaterialy established Nevsky Capital Partners together with KIT Finance investment bank.
In his turn, Alexander Vinokurov, the general manager of KIT Finance investment bank, confirmed the fact of negotiations on selling the land. He stressed that they are negotiating simultaneously with several contenders, however, refused to name them.
Oleg Barkov, the director general of Knight Frank Saint Petersburg, believes that the territory (Petrovsky Island), where 1.5-2 millions sq. m. of housing could be constructed, can attract major Petersburg and Moscow developers. “The price of the land is $750 per sq. m at minimum,” supposes Barkov.
His colleague, Nikolai Kazansky, the director of the Petersburg office of Colliers Int. investment consulting department, believes the price of the land in Petrovsky Island can reach $30 millions per 1 ha, but taking into account such burdens like the wharf, the price of those 40 ha can be about $500 million. According to Kazansky, there are few companies in Petersburg, which would able to implement such a project.
http://www.regnum.ru |
