The state developer took a loan from VTB for the construction of an elite metropolitan residential complex
RosStroyInvest state construction company continues to implement its debut capital project. The residential complex called “11” will be located in the Central district of Moscow on Zvenigorod highway. Local plot of 0.6 hectares the company acquired in 2017. It plans to complete construction in 2020 and open sales of apartments in 2019.
It is reported that RosStroyInvest recently received a loan from VTB Bank for the construction of a residential complex in the amount of 2 billion rubles for a period of 3 years. The original cost of “11” residential complex changed from year to year. In 2017, it was 5 billion rubles, in 2018 — 8 billion, and now the amount of 4 billion rubles.
RosStroyInvest took a loan from VTB for the construction of a residential complex. Details of the transaction and how the payment will be executed
The credit line was opened by VTB Bank in mid-February. Under its terms, the company provided 2 billion rubles for a period of three years. These funds were issued for the construction of the premium “11” residential complex in the center of Moscow.
RosStroyInvest and VTB cooperate not for the first time. Previously, the bank provided financial support for the construction of the company’s facilities in Saint Petersburg. However, “11” residential complex is the debut of the developer in Moscow.
According to the new laws of the Russian Federation, bank support of construction will be carried out under the scheme of escrow accounts. Thus, future buyers of apartments will receive financial protection, said Ruslan Eremenko, Senior Vice President of VTB Bank.
In turn, the Chairman of the Board of Directors of the developer Fedor Turkin is confident that the past successful experience of RosStroyInvest with VTB guarantees high quality of “11” residential complex and delivery of the project on time.
The new elite “11” residential complex for 90 apartments will be located in Presnensky district of the Central district of Moscow near Vagankovo Cemetery. It is planned to build two towers, which the glass gallery will connect together. Café, fitness club and shops will be constructed there.
The height of each tower at least 60 meters, which will allow residents to get beautiful view of the House of the Government of the Russian Federation and the business center “Moscow City”. Underground Parking will consist of two floors and is designed for 184 parking spaces.
The developer plans to give the last floors of the complex for penthouses with panoramic windows and a swimming pool.
Also read about how the share of mortgage transactions in Moscow increased in 2019.