“Raduga” multifunctional social and cultural centre

Short overview

Region

Vologda Region

City/town

Vologda

Project description

The purpose of the project is to create a unique regional center in Vologda for sports, recreation, entertainment, and trade, applying state-of-the-art European technologies of leisure and service provision.  The total construction area will be 170,000 sq.m.  The complex includes an entertainment center covering 9,000 sq.m, work on which commenced in September 2007, a 16-storey business-center and 110-room hotel, water park, spa salon, ice dome as well as a shopping and entertainment center in which a six-screen movie theater and a food-court will be housed.  Major works will be completed in 2008.

Unique features of the project

The complex is located on the south-eastern city outskirts, near the Vologda – Moscow federal highway and can be used for official city events as well as a reception point for visitors of the region, who travel to the home of Father Frost, the city of Velikiy Ustyug.

Estimated cost of the investment project (Euros)

322 222 222

Shareholders' own resources (%)

61

Borrowed resources (%)

39

Availability of design estimates (yes or no)

yes

Company name

Edinstvo Ltd.

E-mail

office.edinstvo@mail.ru

Web-site

http://vologda-cener.ru

Type of the project

Real Estate. Construction

Detail overview

GENERAL INFORMATION

Region

Vologda Region

Company name

Edinstvo Ltd.

PLOT

Site TYPE

Unoccupied land

Enterprise (organization) name — owner name

OOO Edinstvo

Legal address

2a Moscow Highway, Bldg. 1, Vologda

Telephone

+7 (8172) 74-51-05

e-mail

office.edinstvo@mail.ru

Contact Person (Full name)

S. M. Shesterikova

Office

PR specialist

Registered address of the site

2a Moscow Highway, Vologda

Area

190000

Property category of land and buildings

freehold

Extension options

yes

LOCATION

Nearest Industry and/or infrastructure objects

territory of Vologda city

Restrictions

yes

Remoteness

Center of the constituent subject

500

Nearest Millionaire City

Yaroslavl

millionaire city — distance km

200

Municipality education building

Vologda

municipality — distance, km

0

Highways

Moscow — Arkhangelsk; St. Petersburg — Arkhangelsk

highways — distance, km

0

Railways

Vologda

railways — distance, km

0

Airports

Vologda

airports — distance km

0

River ports, landing stages

Vologda

river ports, landing stages — distance, km

0

Sea ports

Cherepovets

sea ports — distance km

120

FACILITIES

Number of structures

6

OWN TRANSPORT FACILITIES

Communication type (motorway)

yes

Communication type (railway branch)

yes

Communication type (port, landing stage)

no

Communication type (post/telecommunications

yes

BUILDING

Commercial development, total

158 900

Commercial development, Hotels, sq. m

10 000

Commercial development, Offices, sq. m

12 200

Commercial development, Retail, sq. m

100 000

PROJECT INVESTMENT COSTS

Current project status

construction and assembly works

CONTRACTORS

General designer

Koçak, Turkey

General contractor

Koçak

Supervision of construction and assembly works

State Construction Survey of Vologda city

ECONOMIC INDICATORS

Shareholders' own resources (%)

61

Требуемый объем инвестицийBorrowed resources (%)

39