“Red October” will be built by the son of a billionaire

“Red October” will be built by the son of a billionaire

Vyacheslav Traktovenko created a developer company. The son of billionaire David Traktovenko, Vyacheslav, launched a fee-development business and established the Imhotep-Development company, a correspondent reports. One of the sites that Traktovenko is preparing for construction is the territory of the Krasny Oktyabr plant on Politekhnicheskaya Street.

Vyacheslav Traktovenko founded the Imhotep-Development company to provide fee-development services, sources in the real estate market told the publication. Mr. Traktovenko confirmed this information.

According to him, “Imhotep-Development” will develop a master plan and project documentation for land owners, coordinate the transfer of land for development, and help in finding investors.

Vyacheslav Traktovenko founded the Imhotep-Development company to provide fee-development services, sources in the real estate market told the publication. Mr. Traktovenko confirmed this information. According to him, “Imhotep-Development” will develop a master plan and project documentation for land owners, coordinate the transfer of land for development, and help in finding investors.

The building of the plant “Red October” on Politekhnicheskaya street

As Vyacheslav Traktovenko explained to Kommersant, Imhotep-Development will work with sites for redevelopment within the city and with large suburban areas. We are talking about land for integrated development in St. Petersburg and other cities where housing, public, business and industrial facilities can be built, he notes. The concept of several sites is currently being developed, including the territory of the former Demidov plant in Nizhny Tagil (30 hectares). Mr. Traktovenko does not disclose other projects. According to sources from Kommersant, Imhotep-Development is also preparing a concept for the redevelopment of the Krasny Oktyabr plant on Politekhnicheskaya Street in St. Petersburg. The company did not respond to journalists’ questions.

Fee-development is in demand, especially among non-core owners, as it allows you to increase the capitalization of a land plot, says Anton Orlov, director of the land sales and development projects department at Nikoliers. Site owners are interested in these services, as they expect a recovery in demand for housing over the next few years, adds Andrey Veresov, former executive director of Akvilon Group of Companies. However, it will be easier for site owners to seek help in preparing the site from a developer who is interested in its subsequent purchase than to use the services of an intermediary, Anton Ivanov, development director of the Basis-SPb construction company, explains, Kommersant reports.

Fee-development has not taken root in the St. Petersburg market: as a rule, the internal services of developers or involved design organizations are engaged in the coordination and packaging of projects, says Andrey Boykov, managing partner of Rusland SP. The fee-developers represented in St. Petersburg are mainly engaged in spot development projects, while working with multifunctional sites will allow attracting a pool of investors for various functions, Mr. Traktovenko objects.

Smolny is more likely to approve residential development as part of a multifunctional project, Mr. Veresov believes. But for this, it will first be necessary to agree with a “clear” developer on the development of a particular territory, he concludes. The division of projects into residential and non-residential parts may lead to the fact that the commercial part, as less liquid, will be sold much longer, NF Group warns.

According to Kommersant, Vyacheslav Traktovenko is the son of the St. Petersburg businessman David Traktovenko. His family owns shares in the structures of the Baltros group of companies, which was engaged in the development of the Slavyanka and Novaya Izhora regions. The Ministry of Defense has become a major buyer of housing in these projects. In addition, David Traktovenko is the owner of Zanevsky LLC, which owns more than 180 hectares in the village of Shushary.