Area geological prospecting University Ordzhonikidze in the South-West of Moscow, which almost 15 years has remained undeveloped, may be under the control of the group “the Basis” of the former owner of “Morton” by Alexander Ruchyev. But this project has serious legal issues associated with the former bidder for the project, warn the consultants. If the “Basis” will manage to solve them, the company has a chance to build on a plot of 56 thousand square metres of property and gain from its sale of almost 7 billion rubles that the new partner of the Russian state geological prospecting University (rggru) imeni Ordzhonikidze for the building of 2.4 hectares on the street Miklukho-Maklai in Obruchevsky district, South-West of Moscow can be a group of “Base”, “Kommersant” found out from the register. There is indicated that in March 2020, the founder of OOO “Maklay development” — the developer of the site of the University was erida, OOO. In turn, this company owns a mutual Fund “Rodnye prostory”, pertaining to other projects “the Basics”. A representative of the developer confirmed “Kommersant” that discusses the partnership with the University, but stressed that the deal is not yet closed.housing is the portfolio of “Basics” in Moscow and the Moscow region”Foundation” created in 2016, the former co-owner GK “Morton” by Alexander Brook. The group will build a residential complex “Gogol Park” in Lyubertsy in exchange for the obligation to complete the problem object in Lobnya. In the developer’s portfolio also have systems “Parade of planets” in the Queen and MainStreet at Kutuzovsky Prospekt. The first draft of the “Foundation” decided to build for “Morton”, and the second, as claimed by the sources of the newspaper “Vedomosti” in 2019, was a development asset of the NPF “Welfare”.Previously, “Maclay development” was owned by OOO “Guttatum”. Among the founders of the latter provided the former owners of a retail network “the Island” (its in 2010 acquired X5 Retail Group), Alexander Osinin, Vladimir Gorin and Rustam Suleymanov. “Guttate” was also one of the oldest developers Odintsovo — “Rantekt-MFD”. The latter now is in bankruptcy, having failed to realize the investment project on reconstruction of the 2nd district of Odintsovo.The investment contract on building of land rggru “Maclay development” were in 2005. Only ten years later, the parties agreed on the construction on campus of three 19-storey residential buildings with a kindergarten for 40 seats and a sports complex with an area of 5 thousand sq. m. it was Assumed that the total area of the property will amount to 56 thousand square meters In 2019, the University has submitted to the company several lawsuits amounting to more than RUB 1 billion, as well as demanded through the court to rescind the investment contract. A final decision on the case yet. The representative of the “Fundamentals” did not comment on the prospects for resolving these disputes, the new owner of “Maklai development”.Partner of Colliers International Vladimir Sergunin notes that the project implementation may cause problems for the “Basics”: for example, the University may turn to the rector, and the new leadership will consider the agreement unreasonable. On the other hand, obruchevsky district looks promising for the development: there are now no active development, but there is existing infrastructure, like the consultant. According to his calculations, investment in construction will cost “Basis” in 3-3,5 billion rubles, while revenue from the sale of apartments costing 220-240 thousand RUB for 1 sq. m may be about 7 billion rubles. Director of Department of consulting and Analytics Knight Frank Olga Shirokova noted that in the primary housing market in Obruchevsky and neighbouring Warm Mill for sale housing in the four complexes. In this area universities are not often used for residential development to commercial sales, say Knight Frank. Of the last examples of the consultants I remember the attempts to build up the land Timiryazev Academy scandals around these plans last for the last four years.Elizaveta Makarova
