Frenchmen again go to Moscow
developer division BNP Paribas considers 90 Russian projects
the French company BNP Paribas Immobilier will begin work in the Russian market of real estate in 2009. Now it is offered to Frenchmen on consideration of 90 developer projects. Design financing on most interesting of them will begin in a year. Experts notice that the company has strong financial support from bank group BNP Paribas, the leader under investments into real estate into the countries of continental Europe.
BNP Paribas - the largest bank of France formed in 1999 as a result of merge BNP (Banque Nationale de Paris) and Paribas SA. The Net profit following the results of 2006 has made 7,3 mlrd euro. Bank capitalisation - 87,9 mlrd euro. Developer company BNP Paribas Immobilier is a part of bank group. Works in 12 countries of Europe and the Near East, India and the USA. Turn 2007 - 750 million euro. Cost of actives under control of the company - 7,4 mlrd euro.
the head of design department of the company has told about strategy of developer division BNP Paribas in the Russian market of real estate “ Astera St.-Petersburg “ (enters into the international company Astera rendering professional services in sphere of commercial real estate) Alexander Voloshin. In January of current year Astera has signed the partner agreement with company Atisreal (it is under control BNP Paribas Immobilier). “ This alliance will allow the French developer to deduce on the Russian market the new brands actively working in Europe, but absolutely unknown at us “ - has explained g - n Voloshin.
as he said, now representatives BNP Paribas study about 90 developer projects in territory of Russia (in big cities from Kaliningrad to Vladivostok). Half from them is declared in the Central federal district. In Petersburg the investor considers possibility of realisation of two projects one of which will take place in a bedroom community. Participation BNP Paribas and in building of the large multipurpose complex including not only commercial real estate, but also habitation, and also the big shopping centre of regional scale is possible. Details of these developer ideas do not reveal yet.
“ under building the developer or will receive sites on investment conditions from a city, or will buy at the auctions. Profitability of projects should make not less than 12 % that twice exceeds an average European indicator “ - has declared g - n Voloshin. Now Astera forms a pool of the companies and brands which will participate in projects BNP Paribas in Russia, and plans to conclude the first contracts on service of trade marks in 2008. Financing on those developer ideas on which the investor will stop, will begin in 2009.
At the Parisian office BNP Paribas have refrained from comments on development of a developer direction in Russia. According to experts, interest of foreign investors to the Russian market is caused by its high profitableness and considerable potential of growth. According to analysts, the average index of profitableness of projects of commercial real estate in Russia makes 12 % against 4-6 % in the Western Europe and 5-7 % in the Eastern Europe. Thus profitableness in trading projects makes about 9 %, in office real estate - to 13 %, in logistics - to 17 %.
“ the Bank group obviously possesses considerable financial possibilities and at desire can realise in Russia projects of any scale and complexity “ - the vice-president of Joint-Stock Company " considers; Strojmontazh “ Sergey Tsvetkov.