“Golden Ring”, New Civic Center of Chelyabinsk

Detail overview

GENERAL INFORMATION

Region

Chelyabinsk Region

Municipality, City, District

Chelyabinsk

Brief positioning of project

The Golden Ring project is a unique project of complex site development of Chelyabinsk that forms a new civic center of the city. The project has been developed according to the Master Plan, the basic urban planning document regulating directions of construction activity in the whole city and designed for a long-term outlook. The project is implemented according to the concept of social and economic development of Chelyabinsk, and its realization provides solution of complex urban problems, in particular, the issues of social employment of residents, ecological condition of the environment, revival of cultural heritage of the historical city center. The following will be created within the scope of the Golden Ring project: — A unified social and business area which will combine business, housing, recreation and leisure in our city; — A modern transport infrastructure providing construction of additional ground roads, parking places, motor and pedestrian bridges; — Landscaping of Miass river embankment (gabion bank stabilization). The project development is carried out stage by stage in view of existing needs of the market for commercial and auxiliary social areas of various functional designations.

PLOT

Site TYPE

Unoccupied land

Enterprise (organization) name — owner name

ZAO Energoinvest

Legal address

12A Sverdlovsky Ave., Chelyabinsk

Telephone

8 (351) 264 08 80

e-mail

invest@energoinvest.biz

Contact Person (Full name)

Lebedeva, Anastasia Viktorovna

Office

Chief of Marketing Department

Telephone

8 (351) 264 08 80, 8912 89 11 111

contact person’s e-mail

Lebedeva_a@energoinvest.biz

Registered address of the site

The Golden Ring project will be situated in the downtown on the site confined by the streets: Truda, Br. Kashirinykh, Svobody and Sverdlovsky Ave.

Area

60 ha

Property category of land and buildings

leasehold

Extension options

no

LOCATION

Adjacent objects

Miass river

Natural — Distance (km)

directly on the bank

Adjacent other objects

M. I. Glinka Opera and Ballet Theater,Art gallery,Regional museum of local loreS. Prokofiev Concert HallChelyabinsk State Circus,Pedestrian area (Kirovka — “Arbat” of Chelyabinsk), and many others.

Other: Distance to them (km)

0,3

Adjacent residential buildings

0,2

Restrictions

yes

Remoteness

Center of the constituent subject

1,919 km to Moscow

Nearest Millionaire City

Ekaterinburg

millionaire city — distance km

250

Railways

Southern railway terminal

railways — distance, km

3

Airports

Balandino

airports — distance km

17

OWN TRANSPORT FACILITIES

Communication type (motorway)

no

Communication type (railway branch)

no

Communication type (port, landing stage)

no

Communication type (post/telecommunications

no

BUILDING

Commercial development, total

206900

Commercial development, Hotels, sq. m

27500

Commercial development, Offices, sq. m

49830

Commercial development, Retail, sq. m

38600

PROJECT INVESTMENT COSTS

Concept development design

yes

Preparation of design and estimate documentation (

yes

Preparation of design and estimate documentation (

yes

Preparation of design and estimate documentation (

yes

Preparation of design and estimate documentation (

yes

Preparation of design and estimate documentation (

yes

Comment

Decree No. 47-p dd. March 24, 2005, on approval of the development plan The approved design (Svobody St. — Br. Kashirinykh St. — Truda St. — Sverdlovsky Ave.) has been developed by Ural Urbanistics Institute (Nonprofit Partnership) according to Decree of the City Mayor No. 1160-p dd. August 05, 2002, and approved by the report of Directorate for Chelyabinsk Region of State Expertise Agency of Russia, No. 80/2, dd. November 11, 2004, and certificate of design documentation approval issued by Main Department for Architcture, No. 434 dd. August 11, 2004. Master Plan “Urban Zoning Scheme of Chelyabinsk” is approved by the Resolution of Chelyabinsk City Council No. 56/2 dd. June 06, 2000. Legal zoning of territory of Chelyabinsk is approved by the Resolution of Chelyabinsk City Council No. 65/4 dd. December 21, 2000.Decree of the Mayor of Chelyabinsk dd. August 05, 2002, No. 1160 “On approval of land selection protocols and permission of site planning project development for the territory confined by the streets Br. Kashirinykh, Truda, Svobody and Sverdlovsky Ave. in Kalininsky and Central districts of Chelyabinsk and provision of the parcel from the settlements lands (social and business area) on lease basis”. Decree of the Mayor of Chelyabinsk dd. November 17, 2003, No. 1818-p “On approval of land selection protocol No. 05-000554-2003 (draft lot lines) and preliminary approval of the site for the Office Park in view of landscaping of Miass river bank and Arkaim museum complex at Truda St. in the Central District of Chelyabinsk by Energoinvest Closed Joint-Stock Company”.Decree of the Mayor of Chelyabinsk dd. August 28, 2003, No. 1319-p “On permission to design and construct the office building with parking place on the leased lot at Truda St. in the Central District of Chelyabinsk by Energoinvest Closed Joint-Stock Company”.Permit of Administration of Chelyabinsk City Administration No. 321/TS dd. October 24, 2003, for initial construction work at 64 Truda St. in the Central District of Chelyabinsk. Permit of the State Architecture and Construction Survey Inspection for fulfillment of construction and assembly works no. 1664/g dd. November 12, 2004. Opinion of the Federal Agency of Water Resources on the working draft “Office building at 84 Truda St. in the Central District of Chelyabinsk”, no. 291/04 dd. December 24, 2004.Opinion of the Directorate for Chelyabinsk Region of State Expertise Agency of Russia “On the working draft of office buildings at 84 Truda St.” no. 774/2 dd. November 3, 2004. Opinion of the Federal Agency of Water Resources on the working draft “Office building at 84 Truda St. in the Central District of Chelyabinsk. Miass river bank landscaping.”, no. 310/04 dd. December 28, 2004. Opinion of the Main Directorate of Water Resources and Nature Protection under the Ministry of Natural Resources of Russia on the working draft “Office building at 84 Truda St. in the Central District of Chelyabinsk”, no. 4466/04 dd. May 26, 2004. Certificate of agreement of design documentation, approved by the Chelyabinsk City Administration, Main Department of Architecture and Urban Planning, no. 133, dd. March 31, 2004. Certificate of agreement of design documentation, approved by the Chelyabinsk City Administration, Main Department of Architecture and Urban Planning, no. 762, dd. December 24, 2004. Decree of the Mayor of Chelyabinsk “On permission to construct the office building on the leased lot at 84 Truda St. in the Central District of Chelyabinsk” No. 2319-p dd. December 15, 2004. Decree of the Mayor of Chelyabinsk “On provision of the lot for lease to construct the office building with restaurant 84 Truda St. in the Central District of Chelyabinsk to ZAO Energoinvest” No. 602-p dd. April 14, 2004. Decree of the Mayor of Chelyabinsk “On amendments to the Decree of the Mayor of Chelyabinsk dd. November 19, 2003, no. 306-p and the land selection protocol No. 05-000554-2003”, no. 1883-p dd. November 19, 2003. Decree of the Mayor of Chelyabinsk “On amendments to the Decree of the Mayor of Chelyabinsk dd. April 14, 2004, no. 602-p”, no. 2320-p dd. December 15, 2004. Opinion of the Directorate for Chelyabinsk Region of State Expertise Agency of Russia “On the working draft of office buildings at 84 Truda St.” no. 774/2 dd. November 3, 2004. Opinion of the Federal Agency of Water Resources on the working draft “Office building at 84 Truda St. in the Central District of Chelyabinsk. Miass river bank landscaping.”, no. 416 dd. December 28, 2004. Minutes of public discussion (in form of hearing) of the working draft “Office building at 84 Truda St. in the Central District of Chelyabinsk. Miass river bank landscaping”, dd. February 14, 2005. Opinion of the State Traffic Safety Inspectorate no. 113 dd. March 22, 2004. Order of the Federal Service of Nature Management Survey for Chelyabinsk Region “On approval of opinion of the expert commission of the state ecological assessment on the working draft “Office building at 84 Truda St.”, no. 178 dd. March 21, 2005. Order of the Deputy City Mayor and the Chief of Urban Planning “On appointment of the State Acceptance Commission” no. 2031-p dd. November 10, 2004.Order of the Deputy City Mayor and the Chief of Urban Planning “On approval of the certificate of the State Acceptance Commission” no. 288-p dd. March 25, 2005. Order of the Federal Service of Nature Management Survey for Chelyabinsk Region “On approval of opinion of the expert commission of the state ecological assessment on correction of the project “Miass river bank landscaping at 84 Truda St.”, no. 896 dd. November 09, 2006. Technical conditions no. 63/2003 for development of planning design within the limits: Sverdlovsky Ave. — Br. Kashirinykh St. — Svobosy St. — Truda St., approved by the resolution of helyabinsk City Administration no. 429/06 dd. April 14, 2003. Opinion of the State Traffic Safety Inspectorate dd. January 23, 2003. Opinion of the Directorate for Chelyabinsk Region of State Expertise Agency of Russia no. 807/2 dd. November 11, 2004. Certificate of agreement of design documentation, approved by the Chelyabinsk City Administration, Main Department of Architecture and Urban Planning, no. 434, dd. August 11, 2004. Decree of the Mayor of Chelyabinsk “On approval of the planning project for the territory confined by the streets Br. Kashirinykh, Truda, Svobody and Sverdlovsky Ave.” no. 471 dd. March 24, 2005. Order of the Federal Service of Nature Management Survey for Chelyabinsk Region “On approval of opinion of the expert commission of the state ecological assessment of the project “planning project for the territory confined by the streets Br. Kashirinykh, Truda, Svobody and Sverdlovsky Ave.”, no. 86 dd. February 14, 2005. Decree of the Mayor of Chelyabinsk “On approval of land selection protocols and permission of site planning project development for the territory confined by the streets Br. Kashirinykh, Truda, Svobody and Sverdlovsky Ave. in Kalininsky and Central districts of Chelyabinsk and provision of the parcel from the settlements lands on hire basis for design and construction of a sports and recreation center with water park and hotel on Miass bank in Kalininsky district of Chelyabbinsk to ZAO Energoinvest”.The permitting documentation is gathered on a per-object basis during the project implementation.

Expert examination of design and estimate document

yes

Comment

There are opinions of state and departmental commissions on completed objects of the Office Park: Slavyansky, Petrovsky, Pavlovsky. Ecological expert assessment was passed elaborately due to the fact that objects are situated in the water protection area.

Execution of construction and assembly works

yes

Supervision of construction and assembly works

yes

Financial consultants’ services

no

Repayment of interest on credit

yes

Project costs (office services, sales, salaries)

yes

Current project status

Office Park exclusive business quarter: 2005: Slavyansky building put into operation 2006: Petrovsky building put into operation Award winner of the Federal prize for business real estate “Commercial Real Estate AWARDS 2007” in nomination “Regions of Russia. Class A Business Center.” Pavlovsky building will be put into operation in 2008: currently, finishing works are in progress. 2008 (4th quarter): Persey Civic and Business Center. 2009: Garden Island Civic and Business Center. 2010: Sun City multimodal complex. Other objects are in the stage of coordination, project realization term in general ends in 2015.

ECONOMIC INDICATORS

Shareholders' own resources (%)

30

Требуемый объем инвестицийBorrowed resources (%)

70

Payback time, years

2-12