Advent UK News Letter
- N° 19 -
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-- Property in Russia --
STORMING AHEAD IN RUSSIA !
When are we going to seize these opportunities? Contact us for cutting edge information and deals.
ADVENT UK have major Russian property developers ready to work with western investors:
1. The biggest Russian property developer, self funded, major Russian banks behind, who for the first time is looking for partial western debt finance (read cheaper than Russian bank finance!) for a 12 hectare mixed user development in Moscow.
2. St Petersburg developer, excellent track record, looking for a western investor for a residential + hotel complex in the centre of St Petersburg, all permits etc in place.
3. Another St Petersburg developer, also excellent track record, looking for a western JV partner for mixed leisure centre/hotel/shopping mall opposite a main bridge into the centre of St Petersburg, first stage completed and occupied.
4. We have an Western investment company headed by a major architect with several excellent projects for investors both in Moscow and St Petersburg. These projects can be quite modest, but all are massively profitable with fast turnaround.
The rouble is steady and has improved against the Dollar and the Euro (investors can take their western money out, no problem).
President Putin is back in office (no surprises there!) and preparing to tackle financial reform, Russia is becoming the world force it was before, both during the Tsarist regimes and indeed under the height of the Soviet regime. But this time round Russia will Go Global, so either we get going and go there, or we wait and they will buy us! In a manner of speaking, of course.
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"Supermarket Chains Expect Bumper Year
Perekryostok and Kopeika, two of Russia's four largest supermarket chains, expect sales to rise by more than half this year as they open stores outside of Moscow. "Now is the time to go to the regions," Vitaly Podolsky, Perekryostok's chief financial officer, said in an interview. The company expects sales to rise to $614 million this year from $373 million in 2003 as it adds at least 20 supermarkets to its current 67 stores, he said. Russian retailers are opening outlets as the country's economy expands for a sixth straight year, boosting incomes and stoking consumer demand. The average real monthly wage rose 22 percent in the fourth quarter of 2003. Perekryostok, which is 80 percent-owned by Alfa Bank, plans to raise spending on expansion to $85 million this year from $55 million in 2003, Podolsky said. The company also may consider selling shares for the first time next year."
The Moscow Times
"Housing Boom Continues
St. Petersburg is in the midst of a construction boom. Housing construction in the city has gone up by 64 percent and investments in infrastructure have gone up 16-fold since 1999, Vice Governor Alexander Vakhmistrov said Wednesday. Meanwhile, analysts say, this is not enough to satisfy the demand for housing. The growth rate in the city's housing construction will not change how fast prices grow or satisfy demand on the market in the next couple of years, experts said at one of the city's leading companies, St. Petersburg Realty Corporation. "In order to change the present situation, we need twice as much growth," St. Petersburg Realty said."
The St. Petersburg Times
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ADVENT UK LTD
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Si vous souhaitez dès maintenant recevoir notre brochure par courrier ou recevoir plus d'information sur les nouveaux marchés en Grande-Bretagne, à l'Est, en Russie ainsi que nos opportunités ciblés de développement international, n'hésitez pas à nous contacter à Info@advent-uk.com par un simple E-mail.
