Bank DOM.RF will provide the company SZ Monolit Development LLC (part of the Villagio Estate Group) with long-term project financing in the amount of 16 billion rubles. for construction in the Sysertsky district of the Sverdlovsk region 159 thousand square meters. m of housing.
The suburban low-rise complex “Izumrudny” will be built on a plot of 249.3 hectares, received by the developer following the results of the “for a share” auction held by DOM.RF in December 2023. The project implementation period is 10.5 years. Commissioning of the first stage is scheduled for March 2027. Under the terms of the auction, 5% of residential and non-residential premises in apartment buildings in the newly built microdistrict will be transferred to DOM.RF.
“We offer developers an integrated approach when implementing housing projects. Investors have access not only to stable financing, but also to other tools from the arsenal of the DOM.RF group. These include, for example, land plots involved in turnover and prepared for development, sold at auction by state-owned companies, as well as infrastructure bonds. The use of these mechanisms makes it possible not only to build modern, high-quality housing, but also to create a comfortable urban environment in new neighborhoods. I am confident that the implementation of a socially significant project for the region will be the beginning of effective cooperation with the Villagio Estate group, one of the leading players in the suburban real estate market,” said Oleg Filippov, Managing Director of the Ural Regional Center of Bank DOM.RF.
According to the agreement, in addition to individual and low-rise apartment buildings to accommodate about 2 thousand families, the investor undertakes to build a school for 345 students and a kindergarten for 166 places. It is also planned to equip children's and sports grounds here, place infrastructure facilities, carry out landscaping and landscaping.
“The launch of another integrated development project always becomes an event for any region in which we operate. DOM.RF attaches particular importance to the development of low-rise and individual construction, which is what this project is aimed at. I note that interest in auctions “for a share” is only growing from year to year: investors now have 30 projects in work in 21 regions for the construction of 5.6 million square meters. m of housing. This mechanism allows us to reduce the costs of developers at the start and speed up the implementation of projects due to the fact that the land is leased, and we receive a share in the new complex after construction is completed. I will also add that DOM.RF has long-term plans for the development of neighboring territories,” said Managing Director of DOM.RF Anatoly Azizov.
The development site is located 28 km from Yekaterinburg, in ecologically clean area of the Sverdlovsk region. Near the future residential area there are forests, a natural park, a golf club and a country equestrian club.
“Work is nearing completion on the concept of a residential development project covering 250 hectares, including multi-apartment low-rise buildings, townhouses and plots with individual houses in the Sysert urban district of the Yekaterinburg agglomeration, into which we have invested all the experience in constructing unique projects from Villagio Estate. The Sysert urban district, as a unique area for living, has everything you need: it is safe, beautiful, comfortable, environmentally friendly and very close to Yekaterinburg. We plan to enter the site and open sales of the first stage of the project in the middle of next year. What will be offered is not just housing, but a comfortable lifestyle in a unique natural location with all the city infrastructure in the suburbs of Yekaterinburg. In the person of DOM.RF Bank, we have acquired a reliable and professional partner,” said Villagio Estate Vice President Denis Kozlovsky.
According to the portal our.dom.rf on May 24, in Sverdlovskaya region, about 4.7 million square meters are under construction. m of housing, of which over 99% are using escrow accounts. More details on the terms of project financing of Bank DOM.RF can be found here.
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