Rus News Journal

Open investments Large developers were enclosed to Red Presnya

continue to master territory in area the Big City . After Don - a system the PEAK and Mirax Group the project in this area is started by group Open investments under control to holding Interros . By 2009 the company will construct business - the centre the area of 100 thousand in sq. m around the projected Krasnopresnensky prospectus. But by this moment the competition in office segment around Red Presnya will be very high, experts warn.
open investments will construct business - the centre around the projected Kranospresnensky prospectus, in immediate proximity from the third transport ring and the Moscow district railway, it is told in company materials. On a site in 1,12 hectares the company plans to construct a complex a total area about 100 thousand in sq. m, of which 70 thousand sq. The m is necessary on a land part, and 30 thousand in sq. m - on a parking on 700 mashinomest. Terms of realisation of the project - the first quarter 2007 - the second quarter 2009. The director for public relations Open investments Irina Maljarova has confirmed presence of such project, but has refused to open prospective volume of investments. According to the general director of company Solo of Svetlana Muhanovoj, the building cost price will be made about $150 million by Director of department of office real estate of company Knight Frank Andrey Petrov estimates expenses in $150 - 180 million without cost of communications and the earth. By its estimation, the site could manage the companies in $25 - 30 million

Open Society Open investments it is created in 2002. More than 60 % belong to holding Interros the rest bargains in RTS. Develops developer projects in segments of commercial and country real estate. As of December, 31st, 2005, cost of actives - about $600 million Gain in 2005 - $98,1 million Capitalization for evening of Friday - $2,048 billion

the Under construction centre becomes the first project of the company near to the Big City . Earlier the source close to the company, admitted that Open investments do not plan to participate in projects City and the Big City from - for problems with transport availability. But after the termination of building of a site of the Krasnopresnensky prospectus the platform becomes very convenient from the point of view of transport availability it is told in company materials.

participants of the market agree with this estimation, but warn that by the time of delivery business - the centre Open investments will face a rigid competition in a segment of offices of class A In territory MMDTS ` Moscow - City ` is supposed erection of 3,5 million areas of a various functional purpose, and including 1,8 million offices - Andrey Petrov has declared. Besides, about ground plans of offices on adjoining to to the Big City territories have declared a number of large developers, in particular, Don - a system PEAK and Mirax Group. By 2009 the competition between objects of a class And will increase, and consequently, growth of rent rates in this area will essentially be slowed down, - the top - the manager of one of the developer companies has told. - if now rates grow on 10 - 12 % a year, in 2009 dynamics will not exceed 4 % a year . According to Knight Frank, now rent rates in this area make $700 - 800 (class), without operational expenses and the VAT. but even proceeding from existing rates ` Open investments ` can count on profitableness from delivery of the areas in rent at level 20 - 25 % a year - Svetlana Muhanova considers.