The Coalco company will build residential buildings on the site of the planned offices in the center of the capital. Experts are convinced that Vasily Anisimov correctly grasped the market mood.

One of the largest Russian developers is changing its specialization.

The Coalco company, which belongs to Vasily Anisimov, stops building commercial real estate and begins to build housing. The RBC agency reported this.

Vasily Anisimov correctly grasped the new market trend, Oleg Repchenko, head of the analytical center “Real Estate Market Indicators”, told Kommersant FM.

“In Moscow as a whole, this is more of a general political vector. But the Moscow authorities have repeatedly stated that it is necessary to limit the construction of both office and shopping centers in the center,” said Oleg Repchenko. “If anything will be built in the center of Moscow, it will be just housing: a huge volume of old and dilapidated housing stock for reconstruction."

“Housing looks more promising, housing is a product that people always need regardless of the economic situation, while commercial real estate is in demand during periods of economic growth. And housing, of course, is more resistant to crises and changes in market clientele,” - – the expert explained.

Coalco is now trying to sell its stake in the White Gardens business park. The company also decided to build residential buildings instead of an office complex on Serpukhovsky Val.

This could change prices for commercial real estate in Moscow, says Natalya Tischendorf, director of financial markets and investments at Jones Lang LaSalle.

“Most likely, the current level of vacancies of 12-13% in the next 2 years will be reduced to a level of 5-6%, which will already be a potential market for the landlord,” predicts Natalya Tischendorf. “Therefore, we will see a significant increase in rates, especially in the premium A-class segment in the Third Ring."

“As for residential construction, we see stable dynamic positive demand for economical housing,” adds Tischendorf. “This segment will actively develop in the nearest 2 years in the near Moscow region.”

The Coalco company planned to build almost 1.5 million meters of commercial real estate in Moscow. However, all its projects have been stopped due to an audit of construction investment contracts by the capital government.

The largest developer in Russia has changed its orientation