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Russian developers pursuing happiness 15.05.2008
Конференция
Russian market of commercial real estate as well as world financial institutions is looking for new ways to finance projects in the current conditions of liquidity crisis.
Today main methods to projects finance include an IPO, loans, investment and forward sales, setting up JV, and leasing, says Andrey Braginsky, deputy director of financial markets and investments department with Jones Lang LaSalle. “There are not many banks nowadays that keep on granting loans for development projects,” noticed Mr. Braginsky at the press conference Modern ways to finance commercial real estate.
In Russia only major players, including Sberbank RF, are able to grant loans. Director of construction project finance management Alexei Chuvin described the policy of Sberbank RF during the crisis. “Sberbank weekly monitors the interest rates’ level and increases them for the credit products of the Bank.” Officially last raise was made two weeks ago. Another point of view for financing commercial real estate projects was provided by Mikhail Urinson, managing director with Alur Investments & Development. He said that it is not difficult to find investments for a good quality project. “It is more difficult to find good development projects,” summed Mr. Urinson. |
Companies on the market Категории новостей
Торговое помещение,
Кузнецкий Мост
от 318 кв. м.
кв.м.
1700 USD кв.м/год
Другое,
Санкт-Петербург,
16-я линия
от 330 м2
кв.м.
7200 RUR кв.м/год
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