City Hall and Sberbank will reconstruct old mansions in the center of Moscow

The company "Mosstroy", in which the Moscow government and Sberbank belongs to 50%, received the first mansions for the implementation of the project of a comprehensive reconstruction of the center of the capital entitled "The New Form of Moscow", RBC Daily reports.

According to the publication, the Moscow authorities in exchange for the additional mining of shares of a joint venture transfer 13 real estate objects with a total area of ​​8.6 thousand square meters. m. Basically, these are dilapidated mansions located in the historical center of the city - on Pyatnitskaya Street, Pokrovka, Arbat, etc.

In addition to mansions, the city hall introduces into the project sections of the industrial zone in the TTK area with a total area of ​​10 thousand square meters. meters in the 2nd Kozhukhovsky passage and on Bolshaya Tula Street. The rights of lease of these land plots belong to the Center for Labor and Medical and Social Rehabilitation of the Disabled "Exceress", the 100% shares of which the city hall also transferred to Mosstroy Right.

The company "Mosstroy" was created back in 2009 to implement the project for the reconstruction of abandoned architectural monuments in Moscow. Initially, it was assumed that the city of the City Hall will be a Bank of Moscow. In October 2011, a 50% of the shares of Mosstroystskenia acquired at the auction of Sberbank Investment LLC. The mayor's office brings property to the company in the form of abandoned historical buildings, and Sberbank investment is financed by their redevelopment with subsequent transformation into commercial real estate.

The mansions under redevelopment in the center of the capital are of tremendous interest for potential investors, and the demand for them will be high, experts say. However, taking into account the volume of the required reconstruction of the investment in some projects may not pay off, therefore, in some cases, “complete restructuring of the object while maintaining only part of its historical appearance,” said the director of the CBRA market, Valentin Gavrilov, is economically appropriate.